ATN Declares Dividend
ATN Declares Dividend
TORONTO, Dec. 18, 2013 /CNW/ - Asian Television Network International
Limited (ATN) (TSX: SAT),
In accordance with the Company's quarterly dividend policy, the board of
directors declared on December 18, 2013 a dividend of $0.02 on each
common share outstanding, payable, on January 31, 2014, to shareholders
of record at the close of business of January 15, 2014.
The dividend policy will be reviewed periodically by the board of
directors. The board of directors has the sole discretion to declare
and to adjust or eliminate dividends based on relevant considerations,
including the Company's need to retain capital to support its stability
and growth, and compliance with applicable laws.
The Company advises that the dividend to be paid on the common shares on
January 31, 2014 are designated as an "eligible dividend" for Canadian
income tax purposes.
ATN serves Canada's diverse cultural communities with 46 premium
specialty television channels. ATN offers its flagship general interest
service ATN HD, Several Bollywood movie channels, and a variety of
channels that include 3 sports Channels, 3 news Channels, 3 music
Channels, 3 lifestyle Channels, 3 Chinese Channels and several regional
language channels. ATN operates a South Asian Radio Service on
Satellite Radio across The United States and Canada. Some ATN content
is also available on any Bell mobile phone that supports video. ATN has
programming alliances with leading international broadcasters. For more
information please visit www.asiantelevision.com
For more details on ATN visit www.asiantelevision.com
Neither the Toronto Venture Exchange, nor its regulation services
provider (as that term is defined in the policies of the exchange),
accepts responsibility for the adequacy or accuracy of this release
Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict, including the risk that the Company may in future change its
dividend policy. Actual results might differ materially from results
suggested in any forward-looking statements.
The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements unless and until
required by securities laws applicable to the Company. Additional
information identifying risks and uncertainties is contained in filings
by the Company with the Canadian securities regulators, which filings
are available at www.sedar.com.
SOURCE Asian Television Network International Limited
Asian Television Network International Limited
CONTACT: K. Classen CFO
Asian Television Network International Limited
Markham, Ontario L3R 8E4
905-948-8199
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