TXT.UN.CA Profile & Description — Top 10 Split Trust
Top 10 Split Trust is an investment trust. Co.'s investment objectives for Capital Units are to: (i) provide holders of Capital Units, upon redemption, with the benefit of any capital appreciation in the market price of the securities in the financial portfolio; and (ii) pay quarterly distributions to holders of Capital Units in an amount targeted to be 7.5% per annum of the net asset value of Co., and for Preferred Securities are to: (i) pay holders of Preferred Securities fixed quarterly cash interest payments equal to 6.25% per annum on the C$12.50 principal amount of a Preferred Security; and (ii) repay the principal amount of C$12.50 per Preferred Security on the termination date of Co.