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 February 8, 2013 to shareholders on record as of January 31, 2013. There will not be a distribution paid to the Class A shares for January 31, 2013 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 $4.15 per share inclusive of this distribution, for a combined total of $9.85.

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:             January 29, 2013                              
Record Date:                  January 31, 2013                              
Payable Date:                 February 8, 2013

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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