Mr. Frank Glosnek reports

UNITED CORPORATIONS LIMITED ANNOUNCES DIVIDEND ON COMMON SHARES

The board of directors of United Corporations Ltd. has declared a cash dividend of 25 cents per common share payable June 30, 2023, to shareholders of record on June 15, 2023. This dividend represents a distribution of the balance of net investment income (after payment of preferred share dividends) for the year ended March 31, 2023.

United Corporations advises that the dividend referenced herein is an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar provincial tax legislation.