Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for July for Series A Cumulative Redeemable Perpetual Preferred Stock
17 6월 2022 - 9:30PM
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP,
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 July 2022. The dividend will be
payable on July 15, 2022 to holders of record as of June 30, 2022.
The dividend will be paid in cash.
ABOUT CHICKEN SOUP FOR THE SOUL
ENTERTAINMENTChicken Soup for the Soul Entertainment, Inc.
(Nasdaq: CSSE) (the “Company”) operates video-on-demand (VOD)
streaming services. The Company owns Crackle Plus, which owns and
operates a variety of ad- supported VOD streaming services
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 and 1091 Pictures subsidiaries 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 STATEMENTSThis
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
the Company’s Quarterly Report on Form 10-Q for the quarter ended
March 31, 2022, filed with the SEC on May 11, 2022. On May 10,
2022, the Company entered into a merger agreement to acquire Redbox
Entertainment, Inc. We refer you to the presentation filed as
Exhibit 99.2 under cover of a Current Report on Form 8-K filed by
the Company with the SEC on May 22, 2022 for information regarding
the proposed business acquisition transaction. If the proposed
business acquisition is consummated, in addition to the risks noted
above, we also face the risks detailed in Redbox’s Annual Report on
Form 10-K for the year ended December 31, 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
KrafchikEllipsiscsse@ellipsisir.com(646) 776-0886
MEDIA CONTACTKate BarretteRooneyPartners
LLCkbarrette@rooneypartners.com(212) 223-0561
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