TORONTO, June 29,
2023 /PRNewswire/ - Corus Entertainment
Inc. (TSX: CJR.B) announced today that its Board of Directors
has declared quarterly dividends of $0.03 per Class B non-voting participating share
("Class B Non-Voting Shares") and $0.02875 per Class A participating share
("Class A Voting Shares") payable on August 15, 2023, to shareholders of record at the
close of business on July 31,
2023.
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,
TSX Trust Company, on their website at https://tsxtrust.com/ or by
calling 1.800.387.0825. The Plan allows eligible holders of Class A
Voting Shares and Class B Non-Voting Shares to acquire additional
Class B Non-Voting 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 Voting Shares or Class B Non-Voting
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 3,371,526 Class A Voting Shares and 196,068,632 Class
B Non-Voting Shares outstanding on May 31,
2023.
Corus Entertainment Inc. reports in Canadian dollars.
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 33 specialty television
services, 39 radio stations, 15 conventional television stations,
digital and streaming services, animation software, technology and
media services. Corus is
an internationally-renowned content creator and
distributor through Nelvana, a world
class animation studio expert in all formats and Corus
Studios, a globally recognized producer of hit scripted and
unscripted content. The company also owns full-service social
digital agency so.da, lifestyle entertainment company Kin
Canada, leading 2D animation software supplier Toon Boom and
children's book publishing house, Kids Can Press. Corus'
roster of premium brands includes Global Television, W Network,
HGTV Canada, Food Network Canada, Magnolia Network Canada, The
HISTORY® Channel, Showcase, Adult Swim, National Geographic, Disney
Channel Canada, YTV, Global News, Globalnews.ca, Q107,
Country 105, and CFOX, along with streaming platforms STACKTV,
TELETOON+, the Global TV App and Curiouscast. Corus is the domestic
advertising representative and an original content partner for
Pluto TV, a Paramount Company, which is the leading free
ad-supported streaming television (FAST) service. For more
information visit www.corusent.com.
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SOURCE Corus Entertainment Inc.