TORONTO, June 12, 2012 /CNW/ - Asian Television Network International
Limited (ATN) (TSX-SAT),
In accordance with the Company's dividend policy, the board of directors
declared today a dividend of $0.02 on each common share outstanding,
payable, on July 30, 2012, to shareholders of record at the close of
business of July 13, 2012.
Also in accordance with the Company's dividend policy, the company is
expected to pay a dividend of $0.02 on each common share outstanding on
October 31, 2012, to shareholders of record at the close of business of
October 12, 2012.
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
July 30, 2012 and October 31, 2012 are designated as an "eligible
dividend" for Canadian income tax purposes.
ATN serves Canada's diverse cultural communities with 34 premium
specialty television channels. ATN offers its flagship general interest
service, several Bollywood movie channels, and a variety of channels
that include sports, news, music, lifestyle, spiritual and several
regional languages. ATN is Canada's pioneer distributor of World Class
Cricket. ATN operates the only South Asian Radio Service 24 hours a day
on XM across The United States and Canada.
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
For further information:
K. Classen CFO
Asian Television Network International Limited
Newmarket, Ontario L3Y 7B6