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 September 10, 2010 to shareholders on record as of August 31, 2010. There will not be a distribution paid to the Class A shares for August 31, 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 August 13, 2010 was $13.22.

Since inception Class A shareholders have received a total of $5.40 per share and Preferred shareholders have received a total of $2.82 per share inclusive of this distribution, for a combined total of $8.22.

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:                       August 27, 2010
Record Date:                            August 31, 2010
Payable Date:                           September 10, 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