News release via Canada NewsWire, Toronto 416-863-9350
Attention Business/Financial Editors:
Corus Entertainment declares monthly dividend for Class A and B
TORONTO, July 14 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR)
announced today that its Board of Directors has declared monthly dividends of
$0.049585 per Class A Share and $0.05 per Class B Share payable on each of
August 31, 2010, September 30, 2010 and October 29, 2010 to shareholders of
record at the close of business on August 16, 2010, September 15, 2010 and
October 14, 2010 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, on their website at www.cibcmellon.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 re