TORONTO, Oct. 3, 2016 /CNW/ - Asian Television Network International Limited (ATN) (TSXV-SAT).
In accordance with the Company's quarterly dividend policy, the board of directors declared on October 3, 2016 a dividend of $0.02 on each common share outstanding, payable, on October 31, 2016 to shareholders of record at the close of business of October 15, 2016.
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 October 31, 2016 is designated as an "eligible dividend" for Canadian income tax purposes.
We are a Canadian media company with all of our operations in Canada. ATN serves Canada's diverse cultural communities with 54 premium specialty television channels. ATN offers its flagship general interest service "ATN HD", several Bollywood movie channels with hundreds of movies a month, and a variety of channels that include sports, news, music, lifestyle, spiritual and several regional language channels. ATN is Canada's pioneer of World Class Cricket. ATN operates a South Asian Radio Service on Satellite Radio across Canada and the United States. We are publicly traded on the Toronto Stock Exchange Venture (TSXV-SAT). 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
For further information: K. Classen CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199