TORONTO, ONTARIO--(Marketwired - June 21, 2017) - 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 August 4, 2017 August 15, 2017 $0.375
Second Preferred Shares,
1959 Series
August 4, 2017 August 15, 2017 $0.375
Second Preferred Shares,
1963 Series
August 4, 2017 August 15, 2017 $0.375
Common Shares August 4, 2017 August 15, 2017 $0.30

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:

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