TORONTO, ONTARIO--(Marketwired - Nov. 1, 2016) - The Board of Directors of United Corporations Limited (TSX:UNC)(TSX:UNC.PR.A)(TSX:UNC.PR.B)(TSX:UNC.PR.C) today declared the following cash dividends:

Class Record Date Payable Date Amount of Dividend
First Preferred Shares February 6, 2017 February 15, 2017 $0.375
Second Preferred Shares, 1959 Series February 6, 2017 February 15, 2017 $0.375
Second Preferred Shares, 1963 Series February 6, 2017 February 15, 2017 $0.375
Common Shares February 6, 2017 February 15, 2017 $0.20

United Corporations Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

Contact Information:

United Corporations Limited
Frank J. Glosnek
Treasurer
(416) 947-2578
(416) 362-2592 (FAX)
www.ucorp.ca