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April 11, 2013 /PRNewswire/ -
Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared monthly dividends of
$0.084583 per Class A Share and
$0.085 per Class B Share payable on each of
May 31, 2013,
June 28, 2013 and
July 31, 2013 to shareholders of record at the close of business on
May 15, 2013,
June 14, 2013 and
July 15, 2013, 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, CIBC Mellon Trust Company c/o Canadian Stock Transfer Company Inc., 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.