TORONTO, Oct. 3, 2017 /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,
2017 a dividend of $0.01 on
each common share outstanding, payable, on October 31, 2017 to shareholders of record at the
close of business of October 16,
2017.
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, 2017 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
