Canadian Life Companies Split Corp. Declares Preferred Share Dividend

TORONTO, ONTARIO--(Marketwired - March 19, 2014) - Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable April 10, 2014 to shareholders on record as of March 31, 2014. There will not be a distribution paid to the Class A shares for March 31, 2014 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 $5.85 per share and Preferred shareholders have received a total of $4.88 per share inclusive of this distribution, for a combined total of $10.73.

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.