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

TORONTO, ONTARIO, Apr 20 (MARKET WIRE) --
Canadian Life Companies Split Corp. ("CLC Split") declares its regular
monthly distribution of $0.04375 for each Preferred share ($0.525
annually). Distributions are payable May 8, 2009 to shareholders on
record as of April 30, 2009. There will not be a distribution paid to the
Class A shares for April 30, 2009 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 April 15, 2009
was $13.74.

Since inception Class A shareholders have received a total of $4.30 per
share and Preferred shareholders have received a total of $2.12 per share
inclusive of this distribution, for a combined total of $6.42.

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.

Distribution Details:

Preferred Share (LFE.PR.A) $0.04375

Ex-Dividend Date: April 28, 2009

Record Date: April 30, 2009

Payable Date: May 8, 2009

Contacts:
Canadian Life Companies Split Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com

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