Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly
distribution of $0.04375 for each Preferred share ($0.525 annually).
Distributions are payable February 10, 2009 to shareholders on record as of
January 30, 2009. There will not be a distribution paid to the Class A shares
for January 30, 2009 as per the Prospectus which states no regular monthly
dividends or other distributions 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. The net
asset value as of January 15, 2009 was $14.69.


Since inception Class A shareholders have received a total of $4.30 per share
and Preferred shareholders have received a total of $1.99 per share inclusive of
this distribution, for a combined total of $6.29.


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:

Preferred Share (LFE.PR.A)     $0.04375

Ex-Dividend Date:              January 28, 2009

Record Date:                   January 30, 2009

Payable Date:                  February 10, 2009

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