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

Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable October 10, 2013 to shareholders on record as of September 30, 2013. There will not be a distribution paid to the Class A shares for September 30, 2013 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 $5.70 per share and Preferred shareholders have received a total of $4.56 per share inclusive of this distribution, for a combined total of $10.26.

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.B)            $0.05208                              
                                                                            
Ex-Dividend Date:                     September 26, 2013                    
                                                                            
Record Date:                          September 30, 2013                    
                                                                            
Payable Date:                         October 10, 2013                      

Contacts: Investor Relations 416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com