Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for February 2021 for Series A Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be payable on February 15, 2021 to shareholders on record as of January 31, 2021. This reflects the company's ongoing commitment to returning value to its investors while operating its streaming video-on-demand networks, including Crackle Plus and Screen Media.

Positive

• Monthly dividend of $0.2031 per share demonstrates commitment to shareholder value.
• Continuing operation of multiple streaming AVOD networks indicates business growth potential.

Negative

• None.

COS COB, Conn., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN), one of the largest operators of streaming advertising-supported video on-demand (“AVOD”) networks, today announced the timing for the payment of its declared regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock for February 2021. The dividend will be payable on February 15, 2021 to holders of record as of January 31, 2021. The dividend will be paid in cash.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The company also acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form content through Landmark Studio Group, its Chicken Soup for the Soul Originals division and APlus.com. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set forth in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 30, 2020) and uncertainties which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.

INVESTOR RELATIONS
Taylor Krafchik
Ellipsis
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
Kate Barrette
RooneyPartners LLC
kbarrette@rooneyco.com
(212) 223-0561 

FAQ

What is the dividend amount for CSSE's Series A Preferred Stock?

The dividend amount for CSSE's Series A Cumulative Redeemable Perpetual Preferred Stock is $0.2031 per share.

When will the dividend be paid to shareholders of CSSE?

The dividend will be paid on February 15, 2021, to shareholders on record as of January 31, 2021.

How often does Chicken Soup for the Soul Entertainment pay dividends?

Chicken Soup for the Soul Entertainment pays dividends on a regular monthly basis.

What are the risks associated with Chicken Soup for the Soul Entertainment's forward-looking statements?

Risks include uncertainties that could affect actual results differing from projections, as outlined in their Annual Report.