April 11, 2013
Corus Entertainment Inc.
(TSX: CJR.B) announced today that its Board of Directors has declared monthly dividends of
per Class A Share and
per Class B Share payable on each of
May 31, 2013
June 28, 2013
July 31, 2013
to shareholders of record at the close of business on
May 15, 2013
June 14, 2013
July 15, 2013
The foregoing dividends are designated as "eligible" dividends for the purpose of the
Income Tax Act
) 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
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
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
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.