Cablevision 2014 Annual Report Download - page 30

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There is no public trading market for the CNYG Class B common stock, par value $.01 per share. As of February 19, 2015, there
were 23 holders of record of CNYG Class B common stock.
All membership interests in CSC Holdings are held by Cablevision.
Stockholder Dividends and Distributions
Cablevision
The Board of Directors of Cablevision declared the following cash dividends to stockholders of record on both its CNYG Class
A common stock and CNYG Class B common stock:
Declaration Date Dividend
per Share Record Date Payment Date
November 5, 2014 $ 0.15 November 21, 2014 December 12, 2014
July 29, 2014 $ 0.15 August 15, 2014 September 5, 2014
May 6, 2014 $ 0.15 May 23, 2014 June 13, 2014
February 25, 2014 $ 0.15 March 14, 2014 April 3, 2014
November 6, 2013 $ 0.15 November 22, 2013 December 13, 2013
July 30, 2013 $ 0.15 August 15, 2013 September 5, 2013
May 7, 2013 $ 0.15 May 24, 2013 June 14, 2013
February 26, 2013 $ 0.15 March 15, 2013 April 3, 2013
Cablevision paid dividends aggregating $160.5 million and $159.7 million in 2014 and 2013, respectively, primarily from the
proceeds of equity distribution payments from CSC Holdings. In addition, as of December 31, 2014, up to approximately $8.3
million will be paid when, and if, restrictions lapse on restricted shares outstanding.
Cablevision may pay dividends on its capital stock only from net profits and surplus as determined under Delaware law. If dividends
are paid on the CNYG common stock, holders of the CNYG Class A common stock and CNYG Class B common stock are entitled
to receive dividends, and other distributions in cash, stock or property, equally on a per share basis, except that stock dividends
with respect to CNYG Class A common stock may be paid only with shares of CNYG Class A common stock and stock dividends
with respect to CNYG Class B common stock may be paid only with shares of CNYG Class B common stock.
Cablevision's indentures restrict the amount of dividends and distributions in respect of any equity interest that can be made.
CSC Holdings
During the years ended December 31, 2014 and 2013, CSC Holdings made equity distribution cash payments to Cablevision, its
sole member, aggregating approximately $396.4 million and $501.2 million, respectively. These distribution payments were funded
from cash on hand. The proceeds were used to fund:
• Cablevision's dividends paid;
• Cablevision's interest on its senior notes;
• Cablevision's repurchases of certain outstanding senior notes; and
• Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax withholding obligations
upon the vesting of certain restricted shares.
CSC Holdings may make distributions on its membership interests only if sufficient funds exist as determined under Delaware
law.
CSC Holdings' indentures and the CSC Holdings credit agreement restrict the amount of dividends and distributions in respect of
any equity interest that can be made.
Equity Compensation Plan Information
The Equity Compensation Plan information under which Cablevision's equity securities are authorized for issuance required under
Item 5 is hereby incorporated by reference from Cablevision's definitive proxy statement for its Annual Meeting of Stockholders
or, if such definitive proxy statement is not filed with the Securities and Exchange Commission prior to 120 days after the close
of its fiscal year, an amendment to this Annual Report on Form 10-K filed under cover of Form 10-K/A.