TORONTO, June 29,
2022 /CNW/ - Corus Entertainment Inc. (TSX:
CJR.B) announced today that its Board of Directors has declared
quarterly dividends of $0.06 per
Class B non-voting participating share ("Class B Non-Voting
Shares") and $0.05875 per Class A
participating share ("Class A Voting Shares") payable on
September 29, 2022, to shareholders
of record at the close of business on September 15, 2022.
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
https://tsxtrust.com/ or by calling 1.800.387.0825. The Plan
allows eligible holders of Class A Voting Shares and Class B
Non-Voting Shares to acquire additional Class B Non-Voting 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 Voting Shares
or Class B Non-Voting 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 3,373,726 Class A Voting Shares and 199,825,732 Class
B Non-Voting Shares outstanding on May 31,
2022.
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, Magnolia
Network Canada, The HISTORY® Channel, 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
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SOURCE Corus Entertainment Inc.