Canadian Life Companies Split Corp. ("CLC Split") declares its monthly
distribution of $0.04452 for each Preferred share, based on a blended
calculation of the previous distribution policy and the new policy effective
June 25, 2012. Distributions are payable July 10, 2012 to shareholders on record
as of June 29, 2012. There will not be a distribution paid to the Class A shares
for June 29, 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 June 15, 2012 was $11.13.


Since inception Class A shareholders have received a total of $5.70 per share
and Preferred shareholders have received a total of $3.78 per share inclusive of
this distribution, for a combined total of $9.48.


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)    $0.04452                      
Ex-Dividend Date:             June 27, 2012                 
Record Date:                  June 29, 2012                 
Payable Date:                 July 10, 2012

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