Stingray Declares Quarterly Dividend to Shareholders
23 März 2022 - 11:00PM
Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray” or the
“Corporation”) today announced that the Board of Directors has
declared a quarterly dividend of $0.075 per subordinate voting
share, variable subordinate voting share and multiple voting share
that will be payable on or around June 15, 2022, to shareholders on
record as of May 31, 2022.
The Corporation’s dividend policy is at the
discretion of the Board of Directors and may vary depending upon,
among other things, available cash flow, results of operations,
financial condition, business growth opportunities and other
factors that the Board of Directors may deem relevant.
The dividends paid are designated as "eligible"
dividends for the purposes of the Income Tax Act (Canada) and any
corresponding provisions of provincial and territorial tax
legislation.
About Stingray
Montreal-based Stingray Group Inc. (TSX: RAY.A;
RAY.B) is a leading music, media, and technology company with over
1,000 employees worldwide. Stingray is a premium provider of
curated direct-to-consumer and B2B services, including audio
television channels, more than 100 radio stations, SVOD content, 4K
UHD television channels, FAST channels, karaoke products, digital
signage, in-store music, and music apps, which have been downloaded
over 160 million times. Stingray reaches 400 million subscribers
(or users) in 160 countries.
Contact information:
Mathieu PeloquinSenior Vice-President, Marketing and
CommunicationsStingray Group Inc.(514) 664-1244, ext.
2362mpeloquin@stingray.com
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