TORONTO, ONTARIO -- (Marketwire) -- 08/20/08 -- Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable September 10, 2008 to shareholders on record as of August 29, 2008.

Since inception Class A shareholders have received a total of $4.00 per share and Preferred shareholders have received a total of $1.77 per share inclusive of this distribution, for a combined total of $5.77.

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:

Class A Share (LFE):               $0.10

Preferred Share (LFE.PR.A)         $0.04375

Ex-Dividend Date:                  August 27, 2008

Record Date:                       August 29, 2008

Payable Date:                      September 10, 2008