Canadian Life Companies Split Corp.: Initiates Dividend for Class A Shares and Declares Preferred Share Dividend

Canadian Life Companies Split Corp (the "Company") is pleased to declare a $0.60
per year dividend on its Class A shares (TSX:LFE). The dividend provides a
current yield of 11.7% based on the November 18th closing price on the TSX. The
Class A shares have enjoyed strong capital appreciation this year due to the
solid performance of its underlying portfolio. The company's board of directors
will consider further increases to the dividend as the underlying portfolio
increases.


The Company may declare monthly dividends on its Class A shares when the
undiluted net asset value (NAV) per unit of the Company exceeds $15. The NAV as
of November 15, 2013 was $15.33 therefore 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 December 10,
2013 to shareholders on record as of November 29, 2013.


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:              November 27, 2013                            
Record Date:                   November 29, 2013                            
Payable Date:                  December 10, 2013                            



FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com