Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for October for Series A Cumulative Redeemable Perpetual Preferred Stock
16 Septembre 2022 - 2:30PM
Business Wire
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE,
CSSEP, CSSEL, CSSEN), one of the largest operators of
advertising-supported video-on-demand (AVOD) streaming services,
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 October 2022.
The dividend will be payable on October 15, 2022 to holders of
record as of September 30, 2022. The dividend will be paid in
cash.
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT Chicken
Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates
video-on-demand streaming services (VOD). The company owns Crackle
Plus, which owns and operates a variety of ad-supported VOD
streaming services including Crackle, Chicken Soup for the Soul,
and Popcornflix. The company also acquires and distributes video
content through its Screen Media and 1091 Pictures subsidiaries and
produces original video content through the Chicken Soup for the
Soul Television Group. The company recently acquired Redbox which
operates a rapidly growing digital streaming service that provides
both ad-supported (AVOD) and paid movies from Hollywood studios and
hundreds of content partners, as well as over 145 channels of free
ad-supported streaming television (FAST). Redbox also operates its
popular kiosks across the US at thousands of retail locations –
giving consumers affordable access to the latest in entertainment.
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, 2021,
filed with the SEC on March 31, 2022, and, with respect to the
Company’s recent acquisition of Redbox Entertainment, Inc.
(“Redbox”), the Company’s Registration Statement on Form S-4
declared effective by the SEC on July 15, 2022. If any of these
risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by the
forward-looking statements contained in this press release.
Information regarding the acquisition of Redbox and related
transactions is qualified by reference to the Company’s Current
Reports on Form 8-K filed with the SEC on May 11, 2022 (as amended
May 12, 2022), June 6, 2022, and August 12, 2022, and all exhibits
filed with respect to such reports and the aforementioned
registration statement. The forward-looking statements contained in
this press release 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220916005006/en/
INVESTOR RELATIONS Zaia Lawandow Chicken Soup for the
Soul Entertainment Zlawandow@chickensoupforthesoul.com
MEDIA Peter Binazeski Chicken Soup for the Soul
Entertainment Corporate pbinazeski@chickensoupforthesoul.com
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