Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable March 9, 2018 to shareholders on record as at February 28, 2018.

Since inception Class A shareholders have received a total of $7.15 per share and Preferred shareholders have received a total of $7.32 per share inclusive of this distribution, for a combined total of $14.47 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.