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

TORONTO, ONTARIO--(Marketwire - May 18, 2012) - Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 8, 2012 to shareholders on record as of May 31, 2012. There will not be a distribution paid to the Class A shares for May 31, 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 May 15, 2012 was $11.70.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.74 per share inclusive of this distribution, for a combined total of $9.44.

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)                         $0.04375                 

Ex-Dividend Date:                                  May 29, 2012             

Record Date:                                       May 31, 2012             

Payable Date:                                      June 8, 2012