CORRECTION FROM SOURCE/Canadian Life Companies Split Corp.: Declares Class A and Preferred Share Dividend

TORONTO, ONTARIO--(Marketwired - Jan. 20, 2014) - The following corrects and replaces the release sent on January 20, 2014 at 9:00 am ET. The amount declared for each LFE.PR.B share in the first paragraph was incorrect and should have been "$0.05208 for each Preferred share ($0.625 annually)" rather than "$0.04375 for each Preferred share ($0.525 annually)".

Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.05 for each Class A share ($0.60 annually) and $0.05208 for each Preferred share ($0.625 annually). Distributions are payable February 10, 2014 to shareholders on record as of January 31, 2014.

Since inception Class A shareholders have received a total of $5.80 per share and Preferred shareholders have received a total of $4.77 per share inclusive of this distribution, for a combined total of $10.57.

The Company 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.