Canadian Life Companies Split Corp. ("CLC Split") 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 June 10, 2008
to shareholders on record as of May 30, 2008.


Since inception Class A shareholders have received a total of $3.70 per share
and Preferred shareholders have received a total of $1.64 per share inclusive of
this distribution, for a combined total of $5.34.


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:                      May 28, 2008

            Record Date:                           May 30, 2008

            Payable Date:                          June 10, 2008
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