Source: Canadian Life Companies Split Corp.

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

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2012) - Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable January 10, 2013 to shareholders on record as of December 31, 2012. There will not be a distribution paid to the Class A shares for December 31, 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 $4.09 per share inclusive of this distribution, for a combined total of $9.79.

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: December 27, 2012
Record Date: December 31, 2012
Payable Date: January 10, 2013

Contact Information:

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