Corus Entertainment Inc. welcomes the report issued by Institutional Shareholder Services, an independent proxy advisory research firm, which reconfirms its previous recommendation that shareholders of Corus vote FOR the resolution to consider its proposed acquisition of Shaw Media Inc. at a special meeting of Corus shareholders to be held on March 9, 2024.
Corus also notes that ISS has recommended that shareholders reject the dissident proxy released by The Catalyst Capital Group.
ISS is widely recognized as a leading independent proxy voting and corporate governance advisory firm. Its analysis and recommendations are relied upon by many major institutional investment firms, mutual funds and fiduciaries throughout North America.
In its updated analysis published today, ISS noted it has conducted a thorough review of the dissident’s concerns. ISS reaffirmed its support for the strategic rationale of the Acquisition, noting: “Even the dissident does not appear to have questioned the long-term strategic merits of the transaction.”
In addition, in reference to the dissident’s opposition to the proposed Acquisition, ISS goes on to say: “… defeating this transaction would simply block shareholders from benefitting from the strategic opportunities it presents. How that is in the best interest of all shareholders, including minority shareholders, remains unexplained in any of the dissident’s soliciting materials.”
“We are very pleased that ISS has reconfirmed its recommendation in support of our proposed acquisition of Shaw Media,” said Doug Murphy, President and Chief Executive Officer of Corus Entertainment. “As we have said from the outset, the acquisition of Shaw Media is in the interest of all Corus shareholders and strongly positions the company to compete and grow, both domestically and in international markets. We would like to thank all shareholders for their strong support to date and look forward to the special meeting on March 9, 2024.”
VOTING TO APPROVE THE ACQUISITION
Use ONLY the CORUS form of proxy and disregard any other form of proxy received.
Holders of Class A participating shares (“Class A Shares”) and Class B non-voting participating shares (“Class B Shares”) as of the record date of February 5, 2024 are entitled to vote at the Special Meeting.
Registered Shareholders: Registered Shareholders (Shares which are registered or held in the name of the shareholders or represented by a physical certificate or through the Direct Registration System) may vote by mail, internet, telephone or in person at the Special Meeting. For shareholder convenience, Corus has provided voting via the internet or by telephone/fax as follows:
Internet: Shareholders may vote, with the control number listed on the Corus form of proxy, vote online at www.cstvotemyproxy.com using their 13-digit control number.
Telephone/Fax: telephone at 1-888-489-5760 (toll-free Canada and U.S.) using the 13-digit control number provided on the proxy or by smartphone using the QR code provided or by facsimile to 1-866-781-3111 (toll-free in Canada and U.S.) or 416-368-2502.
Non-Registered Shareholders: Non-Registered Shareholders (Shares which are deposited with a bank, a trust, a brokerage firm or held through an Intermediary or clearing agency), should follow the voting instructions provided in the materials received on the voting instruction form.
Corus encourages shareholders to vote as soon as possible or no later than 10:00 a.m. (Eastern Time) on Monday, March 7, 2024 to ensure their vote is counted. Use only the Corus form of proxy and disregard any other proxy you may receive from Catalyst.
SHAREHOLDER QUESTIONS
Shareholder questions or requests for assistance with voting may be directed to D.F. King Canada toll free at 1-800-622-1678 or by email at inquiries@dfking.com or visit www.aStrongNewCorus.com where your proxy can be easily voted by clicking on the “Vote Now” button.
* Permission to use quotations in this release were neither sought nor obtained
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