Third Quarter Financial Results to Be Released
June 26, 2020
TORONTO, June 9, 2020 /PRNewswire/ - Corus
Entertainment Inc. (TSX: CJR.B) announced today 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
June 30, 2020, to shareholders of
record at the close of business on June 16,
2020.
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,
AST Trust Company (Canada), on
their website at www.astfinancial.com/ca-en/ 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.
Corus' Board of Directors confirms that the Company will
distribute shares purchased on the open market at no discount from
the average market price to the Plan participants of record, as
determined pursuant to 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 May 31,
2020.
Corus Entertainment Inc. reports in Canadian dollars.
Third Quarter Financial Results to be Released June 26, 2020
The Company will release its third quarter financial results on
Friday, June 26, 2020.
A conference call with Corus senior management will take
place at 8 a.m. ET/
7 a.m. CT/ 6 a.m.
MT/ 5 a.m. PT. While
this call is directed at analysts and investors, members of the
media are welcome to listen in.
The dial-in number for the conference call is
1.888.231.8191 (toll-free North
America) or 647.427.7450 (local or
international).
- Please call five to 10 minutes before the scheduled start
time.
- This conference call will also be available through a live
webcast on the Corus Entertainment website, www.corusent.com, in
the Investor Relations section.
- PowerPoint slides will be posted 15 minutes prior to the start
of this call on www.corusent.com in the Investor Relations
section.
This call will be archived and available for replay on
www.corusent.com in the Investor Relations section beginning
June 26, 2020 at
11 a.m. ET.
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 across
platforms for audiences around the world. Engaging audiences
since 1999, the company's portfolio of multimedia offerings
encompass 34 specialty television services, 39 radio stations, 15
conventional television stations, a suite of digital assets,
animation software, technology and media services. Corus is an
established creator of globally distributed content through Nelvana
animation studio, Corus Studios, and children's book publishing
house Kids Can Press. The company also owns innovative full-service
social digital agency so.da, and lifestyle entertainment company
Kin Community Canada. Corus' roster of premium brands 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. Visit Corus at www.corusent.com.
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SOURCE Corus Entertainment Inc.