Corus Entertainment to pay quarterly dividends June 30 CORUS ENTERTAINMENT DECLARES QUARTERLY DIVIDEND FOR CLASS A AND CLASS B SHAREHOLDERS
Corus Entertainment Inc. has declared its quarterly dividends of six cents per Class B non-voting participating share and 5.875 cents per Class A participating share payable on June 30, 2022, to shareholders of record at the close of business on June 15, 2022.
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 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 its website 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.