Stock Name: SAT
Amount: CAD 0.02
Announcement Date: 04/10/2011
Record Date: 10/10/2011
Dividend Detail:
TORONTO, Oct. 4, 2011 /CNW/ - Asian Television Network International
Limited (ATN) (TSX: SAT) - In accordance with the dividend policy
approved by the board of directors on March 17, 2011, the board of
directors approved the payments of semi-annual dividends on May 4, 2011
and November 4, 2011.
The dividend policy will be reviewed periodically by the board of
directors. The board of directors has the sole discretion to declare
and to adjust or eliminate dividends based on relevant considerations,
including the Company's need to retain capital to support its stability
and growth, and compliance with applicable laws.
In accordance with its dividend policy for 2011, the board of directors
declared today a dividend of $0.02 on each common share outstanding,
payable, on November 4, 2011, to shareholders of record at the close of
business of October 14, 2011.
The Company advises that the dividend to be paid on the common shares on
November 4, 2011 is designated as an "eligible dividend" for Canadian
income tax purposes.
ATN serves Canada's diverse cultural communities with 33 premium
specialty television channels. ATN offers its flagship general interest
service, several Bollywood movie channels, and a variety of channels
that include sports, news, music, lifestyle, spiritual and several
regional languages. ATN is Canada's pioneer distributor of World Class
Cricket including ICC World Cup ATN operates the only South Asian Radio
Service 24 hours a day on XM across The United States and Canada.
For more details on ATN visit www.asiantelevision.com
We rely on safe harbour provision.
Neither the Toronto Venture Exchange, nor its regulation services
provider (as that term is defined in the policies of the exchange),
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements.
The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements unless and until
required by securities laws applicable to the Company. Additional
information identifying risks and uncertainties is contained in filings
by the Company with the Canadian securities regulators, which filings
are available at www.sedar.com.
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