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

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced its monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on July 15, 2021. Shareholders of record as of June 30, 2021 will receive the cash dividend. The company operates various advertising-supported video-on-demand networks, highlighting its commitment to providing returns to shareholders while focusing on expanding its streaming portfolio.

Positive

• Declared a monthly dividend of $0.2031 per share, reflecting commitment to shareholder returns.
• Operates a variety of streaming VOD networks, indicating strong market presence.

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• None.

COS COB, Conn., June 18, 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 July 2021. The dividend will be payable on July 15, 2021 to holders of record as of June 30, 2021. The dividend will be paid in cash.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”) 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, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. 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 within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties, including but not limited to those risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation 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.

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 declared by Chicken Soup for the Soul Entertainment in June 2021?

The declared dividend amount is $0.2031 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 15, 2021.

Who is eligible to receive the dividend payment from Chicken Soup for the Soul Entertainment?

Holders of record as of June 30, 2021, are eligible to receive the dividend.

What type of stock is the dividend related to for Chicken Soup for the Soul Entertainment?

The dividend is related to the 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock.

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

The company declares regular monthly dividends.