Canadian Life Companies Split Corp. (the "Company") is providing the following
update to its shareholders. The net asset value (NAV) of the Company has grown
over the past number of months due to increasing valuations of its underlying
portfolio of life insurance companies. The Company invests primarily in the
common shares of Manulife Financial, Sun Life Financial, Great-West Lifeco, and
Industrial Alliance. The NAV of the Company today is approximately $14.50
($13.68 fully diluted). This provides an intrinsic value for the Class A
shareholder (LFE) of approximately $4.50 ($3.68 fully diluted). The Company
would also like to take this opportunity to re-iterate its dividend policy on
its Class A shares. The Company is restricted from paying dividends on its Class
A shares until the undiluted NAV reaches $15.00. When, and if, the undiluted NAV
exceeds $15.00, dividends will be re-instated.


Canadian Life Companies Split Corp. is an investment fund managed and advised by
Quadravest Capital Management Inc.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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
Canadian Life Companies ... (TSX:LFE)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Canadian Life Companies ... Charts.
Canadian Life Companies ... (TSX:LFE)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Canadian Life Companies ... Charts.