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 October 8, 2010 to shareholders on record as of
September 30, 2010. There will not be a distribution paid to the Class A shares
for September 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 September 15, 2010 was $13.83.


Since inception Class A shareholders have received a total of $5.40 per share
and Preferred shareholders have received a total of $2.86 per share inclusive of
this distribution, for a combined total of $8.26.


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:               September 28, 2010                          
Record Date:                    September 30, 2010                          
Payable Date:                   October 8, 2010

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