Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, March 20, 2019 (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 10, 2019 to shareholders on record as at March 29, 2019.

Since inception Class A shareholders have received a total of $7.15 per share and Preferred shareholders have received a total of $8.01 per share inclusive of this distribution, for a combined total of $15.16 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.