United Corporations Limited announces dividends



    TORONTO, June 25 /CNW/ - 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     August 6, 2008     August 15, 2008     $0.38

    Second Preferred Shares,   August 6, 2008     August 15, 2008     $0.38
     1959 Series

    Second Preferred Shares,   August 6, 2008     August 15, 2008     $0.38
     1963 Series

    Common Shares              August 6, 2008     August 15, 2008     $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.





For further information:

For further information: Frank J. Glosnek, Treasurer, Telephone: (416)
947-2578, Fax: (416) 362-2592, www.ucorp.ca

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UNITED CORPORATIONS LIMITED

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