Top 10 Split Trust (the "Fund") (TSX:TXT.PR.A)(TSX:TXT.UN) announces results for
the year ended December 31, 2010. The net decrease in net assets from operations
amounted to $nil or $0.00 per unit. Net assets were $16.57 per Combined
Security, net of distributions to securityholders in the amounts of $0.78 per
Preferred Security and $0.28 per Capital Unit.


The Fund 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. 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 Trust on March 31,
2011.


To generate additional returns, the Fund may, from time to time, write covered
call options in respect of all or part of the securities in the portfolio. In
addition, the Fund may write cash covered put options in respect of securities
in which the Fund is permitted to invest.


The Fund's investment portfolio is managed by its investment manager, Mulvihill
Capital 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                                                2010 
                                                                      ------
Assets                                                               $ 46.0 
Liabilities                                                            36.6 
                                                                    --------
Net Assets (Unitholders' Equity)                                     $  9.4 
                                                                            
Statement of Financial Operations                                           
Revenue                                                              $  1.6 
Expenses                                                               (0.8)
Preferred Security Interest                                            (2.1)
                                                                    --------
Net Investment Loss                                                  $ (1.3)
Net Gain on Investments                                                 1.3 
                                                                    --------
Net Decrease in Net Assets from Operations                           $  0.0 
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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.
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