Canadian Life Companies Split Corp. Declares Preferred Share Dividend

TORONTO, ONTARIO--(Marketwired - May 17, 2016) - Canadian Life Companies Split Corp (the "Company") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annualized). Distributions are payable June 10, 2016 to shareholders on record as of May 31, 2016.

Since inception Class A shareholders have received a total of $5.95 per share and Preferred shareholders have received a total of $6.23 per share inclusive of this distribution, for a combined total of $12.18.

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.