TORONTO, 22 October 2021 / PRNewswire / – Corus Entertainment Inc. (TSX: CJR.B) today announced 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 aforementioned dividends are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
The Corus Board of Directors reviews the dividend on a quarterly basis. Shareholders are entitled to receive dividends only when such dividends are declared by the board of directors of Corus and there is no right to a dividend before that.
Registered shareholders who are residents of Canada and who are not currently participating in the Corus Dividend Reinvestment Plan (“the Plan”) may elect to participate in the Plan by completing a registration form which can be obtained from the Company’s plan administrator, the Company. TSX Trust Fund, on its website at www.astfinancial.com/ca-fr/ 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 by reinvesting cash dividends paid on their respective shares. Beneficial non-registered 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.
The Board of Directors of Corus confirms that the Company will distribute the shares purchased on the open market without a discount from the average market price to participants enrolled in the plan, as determined in accordance with 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 are 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 on platforms to audiences around the world. Attracting audiences since 1999, the company’s multimedia offerings portfolio includes 33 specialty television services, 39 radio stations, 15 conventional television stations, a suite of digital and streaming assets, software from animation, technologies and multimedia services. Corus is an internationally renowned creator and distributor of content through Nelvana, a world-class animation studio expert in all formats, and Corus Studios, a globally recognized producer of successful scripted and unscripted content. The company also owns the innovative full-service social digital agency so.da, lifestyle entertainment company Kin Canada, leading 2D animation software provider Toon Boom and children’s book publishing house, Kids Can Press. Corus’ premium brand list 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, as well as the widely distributed Canadian streaming platforms STACKTV, Nick +, the Global TV app and Curiouscast. For more information, visit www.corusent.com.
SOURCE Corus Entertainment Inc.