ZoomerMedia Limited Announces Declaration of Dividend
July 29 2021 - 05:06PM
ZoomerMedia Limited (TSXV:ZUM) (the “Company”), the leader in
speaking to and for the 45+ “Zoomer” market in Canada, today
announces that its Board of Directors has declared a dividend of
$0.0025 on each common and preferred share outstanding, payable on
September 2, 2021 to shareholders of record at the close of
business on August 18, 2021.
The Company hereby advises that this dividend is
designated as an "eligible dividend" as defined by the Income Tax
Act (Canada) and any similar provincial or territorial
legislation.
"We met the many challenges of the last 18
months - a period characterized by sharp contractions in revenue,
experienced especially by our radio, print + shows + conferences
divisions - by judicious cost cutting + deferrals + essential, much
appreciated, assistance from the Federal Government, every penny of
which was spent to support continued employment of all staff.
Accordingly, we are proud to say that there have been no layoffs at
ZML; not a single one!
Now, with a semblance of normal in view +
business prospects brightening; with staff fully preserved + with
the end of the CEWS only 2 months away; it’s finally time to
recognize the patience, loyalty and confidence of shareholders.
This dividend was to have been paid for fiscal
19/20, but was delayed due to uncertainties related to Covid19.
Going forward it is the company's intention to continue to pay a
dividend every year from now on,” said Moses Znaimer, Founder,
President and CEO of ZoomerMedia Limited.
About ZoomerMedia Limited
ZoomerMedia is a multimedia company that serves
the 45plus “Zoomer” demographic through television, radio,
magazine, internet and trade shows. ZoomerMedia’s television
properties include; Vision TV, Canada’s only multi-faith specialty
television service; ONE: Get Fit, offering programs on exercise,
meditation, yoga, natural health and living a planet-friendly
lifestyle; JoyTV in Vancouver, Victoria, Surrey and the Fraser
Valley, FAITH TV, a lifestyle television service out of
Winnipeg devoted to broadcasting Christian programming and is
available in approximately 6 million Canadian homes, and TVL
Channel 5, a linear television channel guide available to Rogers
households in Ontario and New Brunswick. ZoomerMedia’s radio
properties include CFMZ-FM Toronto – The New Classical 96.3FM,
CFMX-FM Cobourg – The New Classical 103.1FM, CFMO-FM – Collingwood
– The New Classical 102.9FM, Canada’s only commercial classical
music radio stations serving the Greater Toronto Area (GTA),
eastern Ontario and Collingwood, CFZM-AM 740 Toronto and CFZM-FM
96.7FM Toronto – Zoomer Radio, Toronto’s “Timeless Hits” Station.
ZoomerMedia also publishes ZOOMER Magazine, the largest paid
circulation magazine in Canada for the mature market, as well as On
The Bay Magazine, a regional lifestyle magazine published quarterly
for the 20 towns and villages of Southern Georgian Bay, Ontario.
ZoomerMedia is Canada’s leading provider of online content
targeting the 45plus age group through many properties, the key one
being www.EverythingZoomer.com. ZoomerMedia has trade show and
conference divisions that produce the ZoomerShows, annual consumer
shows directed to the Zoomer demographic and ideaCity, an annual
Canadian conference also known as 'Canada's Premiere Meeting of the
Minds'.
For further information, please contact:
Terence ChanChief Financial OfficerZoomerMedia Limited+1
416-607-7704t.chan@zoomermedia.ca |
Leanne WrightVice President CommunicationsZoomerMedia Limited+1
416-886-6873leanne@zoomer.ca |
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