Canadian Life Companies Split Corp. Preferred Dividend Declared

Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually). Distributions are payable June 10, 2021 to shareholders on record as at May 31, 2021.

There will not be a distribution paid to the Class A Shares for May 31, 2021 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.

Since inception Class A shareholders have received a total of $7.45 per share and Preferred shareholders have received a total of $9.42 per share inclusive of this distribution, for a combined total of $16.87 per unit.

The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

Distribution Details

Preferred Share (LFE.PR.B)	$0.05417
Ex-Dividend Date:	May 28, 2021
Record Date:	May 31, 2021
Payable Date:	June 10, 2021