Urbana Corporation announced that its Board of Directors has approved an amendment to its dividend policy, which amendment provides that Urbana intends to pay an annual cash dividend of $0.05 per share to the holders of common and non-voting Class A shares of Urbana as soon as practical after the end of each year, having reviewed the previous 12 month investment performance. Previously, Urbana's dividend policy provided that the timing of the annual dividend be March of each year. Urbana further announces that the Board declared a cash dividend of $0.05 per share on the issued and outstanding common and non-voting Class A shares of Urbana, payable on the 30 January, 2015, to the Shareholders of record at the close of business on the 20 January, 2015.