TORONTO, June 27, 2017 /PRNewswire/ - 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
August 31, 2017, September 29, 2017 and October 31, 2017 to shareholders of record at the
close of business on August 15, 2017,
September 15, 2017 and October 16, 2017, 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,
CST Trust Company, on their website at www.canstockta.com 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 3,425,792 Class A Voting Shares and 200,522,070 Class
B Non-Voting Shares outstanding on May 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.
Follow Corus PR @CorusPR
SOURCE Corus Entertainment Inc.