Shaw 2013 Annual Report Download - page 104

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S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
into Cumulative Redeemable Floating Rate Preferred Shares, Series B (the “Series B Preferre
d
Shares”), sub
j
ect to certain conditions, on June 30, 2016 and on June 30 ever
y
five
y
ears
t
herea
f
ter. The
S
er
i
es B Pre
f
erred
S
hares also re
p
resent a ser
i
es o
fC
lass
2p
re
f
erred shares an
d
h
olders will be entitled to receive cumulative quarterly dividends, as and when declared by the
Com
p
an
y
’s Board of Directors, at a rate set
q
uarterl
y
e
q
ual to the then current three-month
G
overnment o
fC
anada Treasur
y
B
i
ll
yi
eld
p
lus
2
.
00%.
Di
v
id
en
d
re
i
nvestment p
l
an
The Com
p
an
y
has a Dividend Reinvestment Plan (“DRIP”) that allows holders of Class A Share
s
and
C
lass B Non-Vot
i
n
gS
hares who are res
i
dents o
fC
anada to automat
i
call
y
re
i
nvest monthl
y
cash dividends to acquire additional Class B Non-Voting Shares. Class B Non-Voting Share
s
d
istributed under the Com
p
an
y
’s DRIP are new shares issued from treasur
y
at a 2% discoun
t
f
rom the 5 da
y
we
ig
hted avera
g
e market
p
r
i
ce
i
mmed
i
atel
yp
reced
i
n
g
the a
pp
l
i
cable d
i
v
i
den
d
payment date.
Di
v
ide
n
ds decla
r
ed
The d
i
v
i
dends
p
er share reco
g
n
i
zed as d
i
str
i
but
i
ons to common shareholders
f
or d
i
v
i
dend
s
d
eclared during the year ended August 31, 2013 and 2012 are as follows
:
2013 2012
Class A Voting Share Class B Non-Voting Share Class A Voting Share Class B Non-Voting Shar
e
$1.0050 $1.0075 $0.9550 $0.957
5
The d
i
v
i
dends per share recogn
i
zed as d
i
str
i
but
i
ons to holders o
fS
er
i
es A Pre
f
erred
S
hares wa
s
$
1.125 during each of the years ended August 31, 2013 and 2012
.
On June 28, 2013, the Company declared dividends of
$
0.28125 per Series A Preferred Share
which were
p
aid on Se
p
tember 30, 2013. The total amount
p
aid was $3 of which $1 was no
t
recogn
i
zed as at August
31
,
2013.
On October 24, 2013, the Company declared dividends of
$
0.084792 per Class A Voting Share
and
$
0.085 per Class B Non-Voting Share payable on each of December 30
,
2013
, Januar
y30
,
201
4 and Februar
y2
7,
201
4 to shareholders o
f
record at the close o
f
business on December 13, 2013, January 15, 2014 and February 14, 2014, respectively
.
On October 24, 2013, the Company declared dividends of
$
0.28125 per Series A Preferre
d
Share payable on December 31, 2013 to holders of record at the close of business on
D
ecember
13, 2013
.
100