TORONTO, ONTARIO -- (Marketwired) -- 02/10/16

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      May 5, 2016    May 13, 2016               $0.375
Second Preferred Shares,                                                    
 1959 Series                May 5, 2016    May 13, 2016               $0.375
Second Preferred Shares,                                                    
 1963 Series                May 5, 2016    May 13, 2016               $0.375
Common Shares               May 5, 2016    May 13, 2016                $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.

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