A. Corus Entertainment is listed on the Toronto (CJR.B) Stock Exchange.
A. Yes. Corus “B” non-voting shares trade on the TSX. Class “A” voting shares do not trade on the public stock exchanges.
A. Corus Entertainment was created on September 1, 1999 as a spin-off of Shaw Communications Inc. On its first day of trading, CJR.B opened on the Toronto Stock Exchange at $18.50.
A. Class A shareholders of Shaw who held one Class A Share of Shaw Communication Inc. prior to the split received one Class A share of Shaw and one-third of a Class A Share of Corus. Class B non-voting shareholders of Shaw received one Class B Non-Voting Share of Shaw Communications Inc. and one-third of one Class B Non-Voting Share of Corus for each Class B Non-Voting Share of Shaw previously held by them.
A. For income tax purposes, a Shareholders’ Adjusted Cost Base (“ACB”) is allocated as follows:
|Immediately Before the Effective Time of the Arrangement||ACB||ACB Immediately After||ACB|
|Shaw Class A Shares||100%||Shaw Class A Shares
Corus Class A Shares
|Shaw Class B Non-Voting Shares||100%||Shaw Class B Non-Voting Shares
Corus Class B Non-Voting Shares
A. Corus Entertainment Inc. ("Corus") was created from the media assets of Shaw Communications Inc. Corus became a separate and distinct, publicly traded corporation in September 1999. The Shaw family holds the majority of voting shares in both companies. Shaw Cable is one of Corus’ largest customers. On April 1, 2016, Corus acquired the shares of Shaw Media Inc. from Shaw Communications Inc. for approximately $2.65 billion CAD, subject to certain post-closing adjustments, satisfied by Corus through a combination of: a) $1.85 billion of cash consideration; and b) the issuance by Corus to Shaw Communications Inc. of 71,364,853 Class B Non-Voting Shares (the “Consideration Shares”) at a value per share of $11.21 per share for an aggregate value of $800.0 million. For further details, please see Management’s Discussion and Analysis in Corus’ 2018 Annual Report, which can be found here. On May 14, 2019, Corus, together with Shaw Communications Inc., announced an agreement between Shaw Communications Inc. and a syndicate of underwriters led by TD Securities Inc. to purchase an aggregate of 80,630,383 Class B non-voting participating shares (“Class B Shares”) of Corus at a price of $6.80 per Class B Share (the “Secondary Offering”), for total gross proceeds of $548,286,604. Closing of the Secondary Offering occurred on May 31, 2019 and as a result, Shaw Communications Inc. no longer owns or controls, directly or indirectly, any Corus Class B Shares. For further details, please see the May 14, 2019 and May 31, 2019 press releases, which can be found here.
A. The President and CEO of Corus Entertainment is Doug Murphy. The directors of Corus Entertainment are Heather Shaw (Executive Chair), Doug Murphy, Fernand Bélisle, Michael Boychuk, Alex Carloss, Stephanie Coyles, Michael D'Avella, Sameer Deen, Mark Hollinger, Barry James and Julie Shaw. Biographies of board members are available on this website, located here.
A. Of the 11 Board members, Doug Murphy, the President and Chief Executive Officer of the Company, Heather Shaw, the Executive Chair of the Company and daughter of JR Shaw, and Julie Shaw, Vice-Chair and a daughter of JR Shaw are considered non-independent directors. There are 8 Board members whom are considered to be independent directors; Fernand Bélisle, Michael Boychuk, Alex Carloss, Stephanie Coyles, Michael D'Avella, Sameer Deen, Mark Hollinger, Barry James.
A. You may obtain a print copy of our Annual Report by contacting our corporate office in Toronto at 416.479.7000. An electronic version, as well as additional financial information, including our earnings reports and news releases, can be found under the heading Financial Reports, in the Investor Relations section of this site, or on Canada Newswire at www.newswire.ca. Our public security filings are archived on SEDAR in Canada at www.sedar.com. Previous fiscal year audio archives of conference calls and our Annual General Meeting can be found under the heading Events & Presentations in the Investor Relations section of this site. We invite you to check back periodically for updated information.
A. Corus Entertainment’s fiscal year runs from September 1 to August 31. Earnings are reported in January, April, June and October. Please check our Events section for specific dates.
A. Yes. All employees of Corus Entertainment are governed by a Code of Business Conduct. View a copy of the Company’s Code here.
A. View a complete list of analysts here.