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 November 10, 2011 to shareholders on record as of
October 31, 2011. There will not be a distribution paid to the Class A shares
for October 31, 2011 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 October 14, 2011 was $12.65.


Since inception Class A shareholders have received a total of $5.70 per share
and Preferred shareholders have received a total of $3.43 per share inclusive of
this distribution, for a combined total of $9.13.


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:                  October 27, 2011                         
Record Date:                       October 31, 2011                         
Payable Date:                      November 10, 2011

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