Canadian Life Companies Split Corp. Declares Preferred Share Dividend

Canadian Life Companies Split Corp (the "Company") declares its monthly
distribution of $0.05208 for each Preferred share ($0.625 annually).
Distributions are payable May 9, 2014 to shareholders on record as of April 30,
2014. There will not be a distribution paid to the Class A shares for April 30,
2014 as per the Prospectus which states no 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. 


Since inception Class A shareholders have received a total of $5.85 per share
and Preferred shareholders have received a total of $4.93 per share inclusive of
this distribution, for a combined total of $10.78.


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. 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.B)            $0.05208                              
Ex-Dividend Date:                     April 28, 2014                        
Record Date:                          April 30, 2014                        
Payable Date:                         May 9, 2014                           



FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Life Companies Split Corp.
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com