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

TORONTO, ONTARIO--(Marketwire - May 18, 2011) - Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 10, 2011 to shareholders on record as of May 31, 2011.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.21 per share inclusive of this distribution, for a combined total of $8.91.

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.