- Business
- United Corporations Limited, founded in February 1929 and headquartered at 165 University Avenue, 10th Floor, Toronto, Ontario, Canada, operates as a closed-end investment company listed on the Toronto Stock Exchange under the ticker UNC.TO. The company functions as an investment vehicle focused on long-term growth through a diversified portfolio primarily comprising foreign equities in regions including the United States, Europe, United Kingdom, Canada, Australia, and Japan; it invests in common stocks for capital appreciation and dividend income, with assets occasionally held in interest-bearing short-term securities pending equity selections; the external portfolio receives active management from sub-advisors such as Comgest Asset Management International Limited, Causeway Capital Management LLC, and Neuberger Berman Canada ULC. United Corporations maintains net assets of $2,208.5 million as of March 31, 2024, pays quarterly dividends on its preferred and common shares, and targets above-average returns over extended periods despite short-term market volatility. Recent developments include the announcement on May 6, 2025, of a proposed ten-for-one split of its common shares; renewal of its normal course issuer bid on March 10, 2025, allowing repurchases during the 12-month period ending March 11, 2026; declaration of dividends including on July 31, 2025, and June 18, 2025; and outcomes from its 2025 annual and special meeting of shareholders confirming director elections and share split details.