Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares

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

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

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