Top 20 Europe Dividend Trust (the Trust) is a closed-end investment fund. The Trust was established to provide holders (the Unitholders) of units of the Trust with investment exposure, on a tax-advantaged basis, to an equally-weighted portfolio consisting of approximately 20 highest yielding equity securities included in the Europe Dow, a regional index of the Dow Jones Industrial Average. The Trust's investment objectives are to provide Unitholders with stable quarterly tax-advantaged distributions; provide Unitholders with the opportunity for capital appreciation, and mitigate the impact of foreign exchange exposure through the use of currency hedging strategies, in each case through exposure by virtue of the forward agreement. The Trust invests in various industry sectors, such as consumer discretionary, consumer staples, energy, healthcare, industrials, materials, telecommunication services and utilities. Highstreet Asset Management Inc. is the Portfolio Manager of the Trust.