Stock Name: CJR.B
Amount: CAD 0.0721
Announcement Date: 26/10/2011
Record Date: 11/11/2011
Dividend Detail:
TORONTO, Oct. 26, 2011 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared
monthly dividends of $0.072083 per Class A Share and $0.0725 per Class
B Share payable on each of November 30, 2011, December 30, 2011 and
January 31, 2012 to shareholders of record at the close of business on
November 15, 2011, December 15, 2011 and January 16, 2012 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, CIBC Mellon Trust Company c/o Canadian Stock Transfer
Company Inc., 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 3,436,746 Class A Voting Shares outstanding and 78,949,623
Class B Non-Voting Shares outstanding on September 30, 2011.
Corus Entertainment Inc. reports in Canadian dollars.
About Corus Entertainment Inc.
Corus Entertainment Inc. is a Canadian-based media and entertainment
company. Corus is a market leader in specialty television and radio
with additional assets in pay television, television broadcasting,
children's book publishing and children's animation. The Company's
multimedia entertainment brands include YTV, Treehouse, Nickelodeon
(Canada), W Network, OWN: Oprah Winfrey Network (Canada), CosmoTV,
Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can
Press and radio stations including CKNW AM 980, 99.3 The FOX, Country
105, 630 CHED, Q107 and 102.1 the Edge. Corus creates engaging branded
entertainment experiences for its audiences across multiple platforms.
A publicly traded company, Corus is listed on the Toronto Stock
Exchange (CJR.B). Experience Corus on the web at www.corusent.com.
For further information:
| John Cassaday President and Chief Executive Officer Corus Entertainment Inc. 416.479.6018 | Tom Peddie, FCA Executive Vice President and Chief Financial Officer Corus Entertainment Inc. 416.479.6080 |
| Sally Tindal Director, Communications Corus Entertainment Inc. 416.479.6107 |
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