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 May 10, 2012 to shareholders on record as of April 30, 2012. There will not be a distribution paid to the Class A shares for April 30, 2012 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 April 13, 2012 was $12.64.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.69 per share inclusive of this distribution, for a combined total of $9.39.

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:                                  April 26, 2012
Record Date:                                       April 30, 2012
Payable Date:                                        May 10, 2012

Contacts: Canadian Life Companies Split Corp. Investor Relations 416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com

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