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

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