Investment manager

UNITED CORPORATIONS LIMITED ANNOUNCES CHANGE OF INVESTMENT MANAGER

TORONTO, March 28, 2022 /CNW/ – United Corporations Limited (TSX: A C) (TSX: UNC.PR.A) (TSX: UNC.PR.B) (TSX: UNC.PR.C) (“United”) announces the appointment of Neuberger Berman Canada ULC (“Neuberger Berman Canada”), a investments headquartered in Toronto, to provide portfolio management services for a portion of its assets. Neuberger Berman Canada will manage the portfolio by investing in global equities tracking the MSCI All Country World Index.

Post-transition, Neuberger Berman Canada will manage approximately 20% of United’s assets, with the remaining United assets split as follows: Comgest Global Equity Strategy – 28%; Harding Loevner Global Equity Strategy – 28%; Causeway Global Value Equity Strategy – 20%.

Neuberger Berman Canada is a Neuberger Berman company. Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager headquartered in new York. The firm manages a range of strategies including equities, fixed income, quantitative and multi-asset classes, private equity, real estate and hedge funds on behalf of institutions, advisors and individual investors worldwide . With offices in 25 countries, Neuberger Berman’s diverse team includes more than 2,400 professionals. The company manages 437 billion US dollars in customer assets at September 30, 2021.

SOURCE United Corporations Limited

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