Le Lézard
Classified in: Business
Subject: DIV

Corus Entertainment Declares Quarterly Dividend for Class A and Class B Shareholders

TORONTO, Oct. 22, 2021 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared quarterly dividends of $0.06 per Class B Share and $0.05875 per Class A Share payable on December 30, 2021, to shareholders of record at the close of business on December 15, 2021.

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, TSX Trust Company, 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 distribute shares purchased on the open market at no discount from the average market price to the Plan participants of record, as determined pursuant to the terms of the Plan.

There were 3,412,392 Class A Voting Shares and 204,954,666 Class B Non-Voting Shares outstanding on September 30, 2021.

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 develops and delivers high quality brands and content across platforms for audiences around the world.  Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, a suite of digital and streaming assets, animation software, technology and media services. Corus is an internationally-renowned content creator and distributor through Nelvana, a world class animation studio expert in all formats and Corus Studios, a globally recognized producer of hit scripted and unscripted content. The company also owns innovative full-service social digital agency so.da, lifestyle entertainment company Kin Canada, leading 2D animation software supplier Toon Boom and children's book publishing house, Kids Can Press. Corus' roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, HISTORY®, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105, and CFOX, along with broadly distributed Canadian streaming platforms STACKTV, Nick+, the Global TV App and Curiouscast. For more information visit www.corusent.com.

SOURCE Corus Entertainment Inc.

These press releases may also interest you

at 17:05
Fairfax India Holdings Corporation ("Fairfax India" or the "Company") announces that it has completed the initial closing of its investment in Maxop Engineering Company Private Limited ("Maxop"). In connection with the initial closing, Fairfax...

at 17:03
Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit on behalf of purchasers or acquirers of Nano-X Imaging Ltd. ("Nano-X") securities between June 17, 2021 and August 18, 2021 has been filed in the ...

at 17:03
Just one year after launching operations, Petsource by Scoular plans a $75 million expansion that will triple its production capacity to meet increasing demand for freeze-dried pet food....

at 17:02
Vanco, an industry leader in donation and payment technology for churches, is happy to announce we have once again been selected as a Ministry Partner of the General Council on Finance and Administration (GCFA). This extension of our relationship...

at 17:01
Orbit Garant Drilling Inc. ("Orbit Garant" or the "Company") today announced that it has reached an agreement with National Bank of Canada on certain amendments to its amended and restated credit agreement dated March 8, 2021 (the "Credit...

at 17:01
Sun Life Financial Inc. today announced its intention to redeem its $300 million principal amount of issued and outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 12R (the "Series 12R Shares") on December 31, 2021 (the...

News published on 22 october 2021 at 06:01 and distributed by: