United Corporations : Declaration of Dividend

August 1, 2023

UNITED CORPORATIONS LIMITED ANNOUNCES DIVIDENDS

TORONTO, Ontario - 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:

			Amount of
Class	Record Date	Payable Date	Dividend
First Preferred Shares	November 3, 2023	November 15, 2023	$0.375
Second Preferred Shares,	November 3, 2023	November 15, 2023	$0.375
1959 Series
Second Preferred Shares,	November 3, 2023	November 15, 2023	$0.375
1963 Series
Common Shares	November 3, 2023	November 15, 2023	$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.

For further information please contact:

Frank J. Glosnek

Treasurer

Telephone: [phone]

Fax: [phone]

www.ucorp.ca