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

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2012) - Canadian Life Companies Split Corp. ("CLC Split") (LFE.TO)(LFE-PB.TO) declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable October 10, 2012 to shareholders on record as of September 28, 2012. There will not be a distribution paid to the Class A shares for September 28, 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 $3.94 per share inclusive of this distribution, for a combined total of $9.64.

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:                      September 26, 2012
Record Date:                           September 28, 2012
Payable Date:                            October 10, 2012