Urbana Corporation announced that its Board of Directors declared a regular dividend of seven cents ($0.07) per share, a 40% increase from the previous regular annual dividend of five cents ($0.05) per share, on the issued and outstanding common and non-voting Class A shares of Urbana. In addition, the Board also declared a special dividend of three cents ($0.03) per share, for a total dividend of ten cents ($0.10) per share, on the issued and outstanding common and non-voting Class A shares of Urbana. In the future, special dividends will, at the discretion of the Board, be based upon Urbana's annual net asset growth in comparison to the company's long-term average growth.

The combined dividend is payable on the 31 day of January, 2018, to the shareholders of record at the close of business on the 17 day of January, 2018. The ex-dividend date is the 16 day of January, 2018.