TORONTO, April 3, 2012 /PRNewswire/ - Asian
Television Network International Limited (ATN) (TSX-SAT),
In accordance with the Company's dividend policy, the board of
directors declared today a dividend of $0.02 on each common share outstanding, payable,
on April 30, 2012, to shareholders of
record at the close of business of April 13,
2012.
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.
The Company advises that the dividend to be paid on the common
shares on April 30, 2012 is
designated as an "eligible dividend" for Canadian income tax
purposes.
ATN serves Canada's diverse
cultural communities with 34 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. 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
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, including the risk
that the Company may in future change its dividend policy. 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.
SOURCE Asian Television Network International Limited
