TORONTO, ONTARIO declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable December 10, 2007 to shareholders on record as of November 30, 2007.

Since inception Class A shareholders have received a total of $3.10 per share and Preferred shareholders have received a total of $1.38 per share inclusive of this distribution, for a combined total of $4.48.

CLC Split invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10-30% in weight but may vary at any time.


 Distribution Details:

 Class A Share (LFE):                   $0.10

 Preferred Share (LFE.PR.A)             $0.04375

 Ex-Dividend Date:                      November 28, 2007

 Record Date:                           November 30, 2007

 Payable Date:                          December 10, 2007

Contacts: Canadian Life Companies Split Corp. Investor Relations (416) 304-4443 or Toll Free 1-877-4-Quadra (1-877-478-2372) Website: www.lifesplit.com

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