Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, March 18, 2021 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually). Distributions are payable April 9, 2021 to shareholders on record as at March 31, 2021.

There will not be a distribution paid to the Class A Shares for March 31, 2021 as per the Prospectus which states no regular monthly dividends 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 $7.45 per share and Preferred shareholders have received a total of $9.31 per share inclusive of this distribution, for a combined total of $16.76 per unit.

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.

Distribution Details
Preferred Share (LFE.PR.B)	$0.05417
Ex-Dividend Date:	March 30, 2021
Record Date:	March 31, 2021
Payable Date:	April 9, 2021

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.lifesplit.com
[e-mail]