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

TORONTO, ONTARIO--(Marketwire - July 20, 2011) - 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 August 10, 2011 to shareholders on record as of July 29, 2011. There will not be a distribution paid to the Class A shares for July 29, 2011 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 July 15, 2011 was $14.11.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.30 per share inclusive of this distribution, for a combined total of $9.00.

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.