LFE Canadian Life Companies Split Corp

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 July 9, 2010 to shareholders on record as of June 30, 2010. There will not be a distribution paid to the Class A shares for June 30, 2010 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 June 15, 2010 was $14.79.

Since inception Class A shareholders have received a total of $5.40 per share and Preferred shareholders have received a total of $2.73 per share inclusive of this distribution, for a combined total of $8.13.

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:                        June 28, 2010
Record Date:                             June 30, 2010
Payable Date:                            July 9, 2010

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