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 December 9, 2011 to shareholders on record as of November 30, 2011. There will not be a distribution paid to the Class A shares for November 30, 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 November 15, 2011 was $11.47.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.48 per share inclusive of this distribution, for a combined total of $9.18.

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:            November 28, 2011                        
Record Date:                 November 30, 2011                        
Payable Date:                December 9, 2011

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

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