Corus Entertainment Declares Quarterly Dividend for Class A and Class B Shareholders

TORONTO, June 29, 2022 /CNW/ – Corus Entertainment Inc. (TSX: CJR.B) introduced today that its Board of Administrators has declared quarterly dividends of $.06 for each Course B non-voting collaborating share (“Course B Non-Voting Shares“) and $.05875 per Course A collaborating share (“Class A Voting Shares“) payable on September 29, 2022, to shareholders of report at the near of company on September 15, 2022.

The foregoing dividends are designated as “suitable” dividends for the goal of the Profits Tax Act (Canada) and any identical provincial legislation.

Corus’ Board of Administrators evaluations the dividend on a quarterly basis. Shareholders are entitled to acquire dividends only when any these dividends are declared by Corus’ Board of Administrators and there is no entitlement to any dividend prior thereto.

Registered shareholders who are residents of Canada and who are not presently collaborating in Corus’ Dividend Reinvestment Program (“the Program”) could elect to participate in the System as a result of the completion of an enrollment sort which can be acquired from the Firm’s plan administrator, TSX Have faith in Firm, on their site at https://tsxtrust.com/ or by contacting 1.800.387.0825. The System will allow eligible holders of Class A Voting Shares and Course B Non-Voting Shares to purchase supplemental Course B Non-Voting Shares by means of reinvestment of the dollars dividends compensated on their respective shareholdings. Non-registered valuable shareholders who are residents of Canada and who wish to be part of the Prepare must talk to their broker, monetary institution or other middleman through which they keep Class A Voting Shares or Course B Non-Voting Shares.

Corus’ Board of Directors confirms that the Organization will distribute shares acquired on the open industry at no discount from the normal current market selling price to the Plan individuals of report, as decided pursuant to the phrases of the Strategy.

There ended up 3,373,726 Course A Voting Shares and 199,825,732 Course B Non-Voting Shares outstanding on Could 31, 2022.

Corus Enjoyment Inc. studies in Canadian pounds.

About Corus Amusement Inc.

Corus Amusement Inc. (TSX: CJR.B) is a leading media and written content business that develops and delivers higher top quality manufacturers and written content across platforms for audiences all over the environment. Engaging audiences considering the fact that 1999, the firm’s portfolio of multimedia offerings encompass 33 specialty tv expert services, 39 radio stations, 15 common television stations, a suite of digital and streaming property, animation computer software, engineering and media solutions. Corus is an internationally-renowned content creator and distributor by Nelvana, a world class animation studio professional in all formats and Corus Studios, a globally recognized producer of strike scripted and unscripted content. The business also owns revolutionary full-assistance social electronic agency so.da, life-style leisure business Kin Canada, leading 2D animation application supplier Toon Increase and children’s reserve publishing dwelling, Kids Can Push. Corus’ roster of quality models involves International Tv, W Community, HGTV Canada, Food stuff Network Canada, Magnolia Network Canada, The HISTORY® Channel, Showcase, Adult Swim, Nationwide Geographic, Disney Channel Canada, YTV, Global Information, Globalnews.ca, Q107, Nation 105, and CFOX, along with broadly dispersed Canadian streaming platforms STACKTV, Nick+, the Global Tv App and Curiouscast. For additional information and facts visit www.corusent.com