News Column

Corus Entertainment Declares Monthly Dividend for Class A and Class B Shareholders

July 25, 2014



By a News Reporter-Staff News Editor at Entertainment Newsweekly -- Corus Entertainment Inc. (TSX: CJR.B) announced 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.

Keywords for this news article include: Entertainment, Investment and Finance.

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Source: Entertainment Newsweekly


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