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

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is set to be paid on March 15, 2022 to shareholders on record as of February 28, 2022. The company operates streaming video-on-demand networks and includes Crackle Plus among its assets. This financial commitment reflects the company’s strategy and ongoing confidence in its operational model.

Positive

• Regular monthly dividend of $0.2031 per share indicates financial health and shareholder income.

Negative

• Risks associated with operational income, market conditions, and liquidity may impact future dividend sustainability.

COS COB, Conn., Feb. 18, 2022 (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 March 2022. The dividend will be payable on March 15, 2022 to holders of record as of February 28, 2022. 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, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media subsidiary and produces original video content through the Chicken Soup for the Soul Television Group. 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. Such assumptions involve a number of known and unknown risks and uncertainties, including but not limited to our core strategy, operating income and margin, seasonality, liquidity, including cash flows from operations, available funds, and access to financing sources, free cash flows, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to achieve market acceptance, the Company’s success in retaining or recruiting officers, key employees, or directors, the ability to protect intellectual property, the ability to complete strategic acquisitions, the ability to manage growth and integrate acquired operations, the ability to pay dividends, regulatory or operational risks, and general market conditions impacting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please refer the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 31, 2021, and for further information regarding our recent acquisition of the Sonar library and related assets, please see our Current Reports on Form 8-K, as amended, filed with the SEC on May 27, 2021 and July 1, 2021. 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@rooneypartners.com
(212) 223-0561

FAQ

What are the dividend payment details for CSSE, CSSEP, and CSSEN?

The declared monthly dividend is $0.2031 per share for the 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on March 15, 2022.

When is the record date for the upcoming dividend payment for Chicken Soup for the Soul Entertainment?

The record date for the dividend payment is February 28, 2022.

What is the frequency of dividends paid by Chicken Soup for the Soul Entertainment?

The company pays regular monthly dividends to its preferred shareholders.

How sustainable is the dividend for Chicken Soup for the Soul Entertainment?

Sustainability of the dividend is subject to risks related to operational income and market conditions.