TORONTO, July 10, 2014 /PRNewswire/ - Corus
Entertainment Inc. (TSX: CJR.B) announced today that its Board
of Directors has declared monthly dividends of $0.090417 per Class A Share and $0.090833 per Class B Share payable on each of
August 29, 2014, September 30, 2014 and October 31, 2014 to shareholders of record at the
close of business on August 15, 2014,
September 15, 2014 and October 15, 2014, 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.
At this time, 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 3,428,292 Class A Voting Shares outstanding and
81,997,527 Class B Non-Voting Shares outstanding on June 30, 2014.
Corus Entertainment Inc. reports in Canadian dollars.
About Corus Entertainment Inc.
Corus Entertainment
Inc. is a Canadian-based media and entertainment company that
creates, broadcasts and licenses content across a variety of
platforms for audiences around the world. The Company's portfolio
of multimedia offerings encompasses specialty television and radio
with additional assets in pay television, television broadcasting,
children's book publishing, children's animation and animation
software. Corus' brands include YTV, TELETOON, ABC Spark, W
Network, OWN: Oprah Winfrey Network (Canada), HBO Canada, Historia and Séries+, as
well as Nelvana, Kids Can Press, Toon Boom and 39 radio stations
including CKNW AM 980, 99.3 The FOX, Country 105, 630 CHED, Fresh
FM London, JUMP! 106.9, Q107 and 102.1 the Edge. A publicly traded
company, Corus is listed on the Toronto Stock Exchange (CJR.B).
Experience Corus on the web at corusent.com.
SOURCE Corus Entertainment Inc.