Canadian Life Companies Split Corp. ("CLC Split") declares its monthly
distribution of $0.05208 for each Preferred share ($0.625 annually).
Distributions are payable November 9, 2012 to shareholders on record as of
October 31, 2012. There will not be a distribution paid to the Class A shares
for October 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.


Since inception Class A shareholders have received a total of $5.70 per share
and Preferred shareholders have received a total of $3.99 per share inclusive of
this distribution, for a combined total of $9.69.


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:                   October 29, 2012                        
                                                                            
Record Date:                        October 31, 2012                        
                                                                            
Payable Date:                       November 9, 2012

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