TORONTO, ONTARIO--(Marketwire - Jan. 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 February 10, 2012 to shareholders on record as of January 31, 2012. There will not be a distribution paid to the Class A shares for January 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 January 13, 2012 was $11.37.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.56 per share inclusive of this distribution, for a combined total of $9.26.

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: January 27, 2012
Record Date: January 31, 2012
Payable Date: February 10, 2012

Contact Information:

Canadian Life Companies Split Corp.
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)