Top 10 Split Trust Announces Year End Results

Top 10 Split Trust (the "Fund") (TSX:TXT.PR.A)(TSX:TXT.UN) announces results of
operations for the year ended December 31, 2012. Net increase in net assets from
operations amounted to $1.4 million or $0.87 per Capital Unit. Net assets per
Combined Security were $14.53, net of distributions of $0.78 per Preferred
Security and $0.11 per Capital Unit. Each Combined Security consists of one
Preferred Security and one Capital Unit.  


The Fund's investment objectives for the Capital Units are (i) to 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) to pay quarterly distributions to holders of Capital Units in an amount
targeted to be 7.5% per annum of the net asset value of the Fund and the Fund's
investment objectives for the Preferred Securities are (i) to pay holders of
Preferred Securities fixed quarterly cash interest payments of 6.25% per annum
on the $12.50 principal amount of a Preferred Security and (ii) to repay the
principal amount of $12.50 per Preferred Security on termination of the Fund on
March 31, 2016. 


The Fund invests in the six largest Canadian banks and the four largest Canadian
life insurance companies by market capitalization.


The Fund employs a proprietary investment strategy, Strathbridge Selective
Overwriting ("SSO"), to enhance the income generated by the Portfolio and to
reduce volatility. In addition, the Fund may write cash covered put options in
respect of securities in which it is permitted to invest.


The Fund's investment portfolio is managed by its investment manager,
Strathbridge Asset Management Inc. The Fund's Preferred Securities and Capital
Units are listed on Toronto Stock Exchange under the symbols TXT.PR.A and TXT.UN
respectively.




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Selected Financial Information: ($ Millions)         
                                                     
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Statement of Net Assets                         2012 
                                            ---------
Assets                                     $    23.2 
Liabilities                                    (20.1)
                                            ---------
Net Assets (Unitholders' Equity)           $     3.1 
                                                     
Statement of Financial Operations                    
Revenue                                    $     1.0 
Expenses                                        (0.5)
                                            ---------
Net Investment Income                      $     0.5 
Net Gain on Investments                          2.1 
Preferred Security Interest                     (1.2)
                                            ---------
Net Increase in Net Assets from Operations $     1.4 
                                                     
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For further information, please contact Investor Relations at 416.681.3966, toll
free at 1.800.725.7172 or visit www.strathbridge.com.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathbridge Asset Management Inc.
Aaron Ho
Vice-President, Finance
416.681.3966 or 1.800.725.7172


Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
[e-mail]
www.strathbridge.com