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

Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable August 10, 2012 to shareholders on record as of July 31, 2012. There will not be a distribution paid to the Class A shares for July 31, 2012 as per the Prospectus which states no 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 July 13, 2012 was $11.63.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.83 per share inclusive of this distribution, for a combined total of $9.53.

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.B)            $0.05208                              
Ex-Dividend Date:                     July 27, 2012                         
Record Date:                          July 31, 2012                         
Payable Date:                         August 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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