ATN Declares Dividend
TORONTO, Oct. 1, 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 September 30, 2013 a dividend of $0.02 on each common share outstanding, payable, on October 31, 2013, to shareholders of record at the close of business of October 15, 2013.
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, 2013 are designated as an "eligible dividend" for Canadian income tax purposes.
ATN serves Canada's diverse cultural communities with 44 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
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