Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for August 2020 for Series A Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on August 17, 2020, to shareholders on record as of July 31, 2020. The company operates multiple ad-supported streaming video-on-demand networks and holds a significant stake in Crackle Plus, enhancing its content offerings. Investors are advised to consider potential risks associated with forward-looking statements.

Positive

• Monthly dividend payment of $0.2031 per share provides income for shareholders.
• Strong positioning in the AVOD market with networks such as Crackle and Popcornflix.

Negative

• Forward-looking statements involve risks that could lead to actual results differing significantly from projections.

COS COB, Conn., July 20, 2020 (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 August 2020. The dividend will be payable on August 17, 2020 to holders of record as of July 31, 2020. 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 a majority stake in Crackle Plus, a company formed with Sony Pictures Television, 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 in August 2020?

The dividend amount for CSSE in August 2020 is $0.2031 per share.

When will the CSSE dividend be paid?

The CSSE dividend will be paid on August 17, 2020.

What is the record date for CSSE's dividend?

The record date for CSSE's dividend is July 31, 2020.

How often does CSSE pay dividends?

CSSE pays dividends on a regular monthly basis.

What are the risks associated with CSSE's forward-looking statements?

Risks include uncertainties that could cause actual results to differ from projections noted in their filings.