United Corporations Limited Announces Reallocation of Assets
January 14 2014 - 4:01PM
Marketwired
United Corporations Limited Announces Reallocation of Assets
TORONTO, ONTARIO--(Marketwired - Jan 14, 2014) - The Board of
Directors of United Corporations Limited
(TSX:UNC)(TSX:UNC.PR.A)(TSX:UNC.PR.B)(TSX:UNC.PR.C) ("United")
announces that effective January 13, 2014 it has allocated its
assets evenly between United's two external investment managers,
Jarislowsky Fraser Limited ("JFL") and ValueInvest Asset Management
S.A. ("ValueInvest") in order to diversify manager risk. Both JFL
and ValueInvest have global equities mandates. As a consequence of
this decision, approximately $300 million (fair value as at January
8, 2014) of assets managed by JFL will now be managed by
ValueInvest.
United Corporations LimitedFrank J. GlosnekTreasurer(416)
947-2578(416) 362-2592www.ucorp.ca
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