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United Corporations Limited Announces Dividends

T.UNC

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.

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



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