Mulvihill Top 10 Canadian Financial Trust filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on April 29, 2013. Under the bid, the company will repurchase up to a maximum of 237,605 units, representing 10% of its public float and 10% of its issued and outstanding units. The Fund may not purchase more than 47,521 of its units, representing approximately 2% of its issued and outstanding units in any 30-day period under the bid.

The repurchases made pursuant to the bid will be made in the open market through the facilities of the TSX. The units repurchased by the Fund pursuant to the bid will be cancelled. The bid will commence from May 1, 2013 and will remain in effect until the earlier of April 30, 2014, the termination of the bid by the Fund or the Fund purchasing the maximum number of units permitted under the bid.

The units repurchased will be cancelled. As of April 29, 2013, Mulvihill had 2,376,054 units issued and outstanding units as well as in public float.