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

TORONTO, ONTARIO--(Marketwire - June 20, 2012) - Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.04452 for each Preferred share, based on a blended calculation of the previous distribution policy and the new policy effective June 25, 2012. Distributions are payable July 10, 2012 to shareholders on record as of June 29, 2012. There will not be a distribution paid to the Class A shares for June 29, 2012 as per the Prospectus which states no regular 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. The net asset value as of June 15, 2012 was $11.13.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.78 per share inclusive of this distribution, for a combined total of $9.48.

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.