Corus Entertainment Declares Monthly Dividend for Class A and B Shareholders

Corus Entertainment Declares Monthly Dividend for Class A and B Shareholders


TORONTO, July 12, 2012 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared
monthly dividends of $0.079583 per Class A Share and $0.08 per Class B
Share payable on each of August 31, 2012, September 28, 2012 and
October 31, 2012 to shareholders of record at the close of business on
August 15, 2012, September 14, 2012 and October 15, 2012 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 c/o Canadian Stock Transfer
Company Inc., on their website at www.canstockta.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 record, as determined
pursuant to the terms of the Plan.



There were 3,434,496 Class A Voting Shares outstanding and 80,653,520
Class B Non-Voting Shares outstanding on June 29, 2012.



Corus Entertainment Inc. reports in Canadian dollars.


About Corus Entertainment Inc.


Corus Entertainment Inc. is a Canadian-based media and entertainment
company. Corus is a market leader in specialty television and radio
with additional assets in pay television, television broadcasting,
children's book publishing and children's animation. The Company's
multimedia entertainment brands include YTV, Treehouse, Nickelodeon
(Canada), ABC Spark, W Network, OWN: Oprah Winfrey Network (Canada),
CosmoTV, Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana,
Kids Can Press and radio stations including CKNW AM 980, 99.3 The FOX,
Country 105, 630 CHED, Q107 and 102.1 the Edge. Corus creates engaging
branded entertainment experiences for its audiences across multiple
platforms. A publicly traded company, Corus is listed on the Toronto
Stock Exchange (CJR.B). Experience Corus on the web at www.corusent.com.



 


SOURCE Corus Entertainment Inc.

Corus Entertainment Inc.

CONTACT: John Cassaday 
President and Chief Executive Officer 
Corus Entertainment Inc. 
416.479.6018
Tom Peddie, FCA
Executive Vice President and Chief Financial Officer
Corus Entertainment Inc.
416.479.6080

Sally Tindal
Director, Communications
Corus Entertainment Inc.
416.479.6107



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