Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Class A & Preferred Shares

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable March 10, 2011 to shareholders on record as of February 28, 2011.

Since inception Class A shareholders have received a total of $5.60 per share and Preferred shareholders have received a total of $3.08 per share inclusive of this distribution, for a combined total of $8.68.

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.