Canadian Life Companies Split Corp.: Declares Preferred Share Dividend

TORONTO, ONTARIO--(Marketwired - May 20, 2015) - Canadian Life Companies Split Corp (the "Company") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable June 10, 2015 to shareholders on record as of May 29, 2015.

Since inception Class A shareholders have received a total of $5.85 per share and Preferred shareholders have received a total of $5.61 per share inclusive of this distribution, for a combined total of $11.46.

The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.