December 17, 2002
FOR IMMEDIATE RELEASE

AIC Diversified Canada Split Corp.

Burlington, Ontario - AIC Diversified Canada Split Corp. today announced that a quarterly cash distribution in the amount of $0.375 per preferred share of the Corporation will be paid on December 31, 2002 to preferred shareholders of record as of December 30, 2002.

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Terri Oswald
Director, Media Relations
AIC Limited, Burlington ON
(905) 331-4242, ext. 4345
1-888-710-4242, ext. 4345
toswald@aic.com