Press Release: CANADIAN LIFE COMPANIES SPLIT CORP. Declares Class A and Preferred Share Dividend

TSX SYMBOLS: LFE, LFE.PR.B

SUBJECT: DIV

TORONTO, ONTARIO - January 20, 2014 / Marketwired - Canadian Life Companies Split Corp (the "Company") declares its monthly distribution of $0.05 for each Class A share ($0.60 annually) and $0.05208 for each Preferred share ($0.625 annually). Distributions are payable February 10, 2014 to shareholders on record as of January 31, 2014.

Since inception Class A shareholders have received a total of $5.80 per share and Preferred shareholders have received a total of $4.77 per share inclusive of this distribution, for a combined total of $10.57.
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.

Distribution Details:

Class A Share (LFE) $0.05
Preferred Share (LFE.PR.B) $0.05208
Ex-Dividend Date: January 29, 2014
Record Date: January 31, 2014
Payable Date: February 10, 2014
For further information, please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372), or visit www.lifesplit.com.

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