Correction: Corus Entertainment Declares Monthly Dividend For Class A And Class B Shareholders
March 20, 2018
Correction Notice: A correction has been made to this release as one of the company payment dates was set to occur on a non-business day (Good Friday – March 30, 2018). The corrected payment date should instead read “March 29, 2018”. The complete, corrected release follows:
TORONTO, January 10, 2018 – Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared monthly dividends of $0.094583 per Class A Share and $0.095 per Class B Share payable on each of February 28, 2018, March 29, 2018 and April 30, 2018 to shareholders of record at the close of business on February 14, 2018, March 15, 2018 and April 16, 2018, respectively.
The foregoing dividends are designated as “eligible” dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.
Corus’ Board of Directors reviews the dividend on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Corus’ Board of Directors and there is no entitlement to any dividend prior thereto.
Registered shareholders who are residents of Canada and who are not currently participating in Corus’ Dividend Reinvestment Plan (“the Plan”) may elect to participate in the Plan through the completion of an enrollment form which can be obtained from the Company’s plan administrator, AST Trust Company (Canada), on their website at www.astfinancial.com/ca-en/ or by calling 1.800.387.0825. The Plan allows eligible holders of Class A Shares and Class B Shares to acquire additional Class B Shares through reinvestment of the cash dividends paid on their respective shareholdings. Non-registered beneficial shareholders who are residents of Canada and who wish to join the Plan should consult their broker, financial institution or other intermediary through which they hold Class A Shares or Class B Shares.
Corus’ Board of Directors confirms that the Company will continue to issue shares from treasury at a 2% discount from the average market price to Plan participants of record, as determined pursuant to the terms of the Plan.
There were 3,421,792 Class A Voting Shares and 203,923,227 Class B Non-Voting Shares outstanding on December 31, 2017.
Corus Entertainment Inc. reports in Canadian dollars.
About Corus Entertainment Inc.
Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that creates and delivers high quality brands and content across platforms for audiences around the world. The company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY®, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. Visit Corus at www.corusent.com.
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For further information, please contact:
Doug Murphy
President and Chief Executive Officer
Corus Entertainment Inc.
Doug.Murphy@corusent.com
John Gossling
Executive Vice President and Chief Financial Officer
Corus Entertainment Inc.
John.Gossling@corusent.com
Dervla Kelly
Vice President, Communications
Corus Entertainment Inc.
Dervla.Kelly@corusent.com
Heidi Kucher
Director, Investor Relations
Corus Entertainment Inc.
Heidi.Kucher@corusent.com
