Mulvihill Top 10 Split Trust filed a Notice of Intention to commence a normal course issuer bid on April 29, 2013. Under the bid, the company will repurchase up to 152,694 units, representing 10% of its public float and that of its issued and outstanding units. The units will be repurchased at a price per unit not exceeding the last net asset value per units.

The repurchases will be made through the facilities of the TSX or other eligible alternative market and may only be purchased. The units will be repurchased for cancellation. The fund may repurchase up to 30,538 units in any 30-day period, representing 2% of its issued and outstanding units.

The Directors believe that such repurchases are in the best interest of the fund and are a desirable use of its available funds. The bid will commence from May 1, 2013 and will end on April 30, 2014. As of April 25, 2013, the fund has 1,526,948 units in the public float and that as issued and outstanding units.