/C O R R E C T I O N from source -- Asian Television Network International Limited/

About this update from Asian Television Network International Limited

[{"type":"text","content":"\n\n\n\n\n\nIn c8034 sent today at 15:32e the incorrect press release was sent in\n error, please disregard. The correct version follows.\n\n\n\nATN Announces Quarterly Dividend Policy and Declares $0.02 Dividend\n payable on April 30, 2013\n\n\nTORONTO, March 25, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT),\n\n\nThe Company is pleased to announce that the Company's board of directors\n has adopted an updated regular quarterly dividend policy for the 2013\n calendar year and has declared a dividend payable on April 30, 2013.\n\n\nThis policy provides that a regular quarterly dividend of $0.02 per\n share will to be paid on each common share of the Company on April\n 30th, July 31st and October 31st 2013. A dividend per share of $0.02\n per share was paid on January 31, 2013.\n\n\nThis updated policy supersedes and replaces the policy announced on\n December 1, 2011 which contemplated the payment of a regular quarterly\n dividend for 2013 and subsequent years calculated as a percentage of\n the Company's earnings for the immediately prior fiscal year.\n\n\nThe decision to continue in 2013 the policy adopted for 2012 reflects\n the Company's ability to pay out in 2013 a dividend than would\n otherwise have been payable under the previously announced earnings\n based formula.\n\n\nIn accordance with the Company's dividend policy, the board of directors\n declared a quarterly dividend of $0.02 on each common share\n outstanding, payable, on April 30, 2013, to shareholders of record at\n the close of business of April 15, 2013.\n\n\nThe Company advises that the dividend to be paid on the common shares on\n April 30, 2013 are designated as an \"eligible dividend\" for Canadian\n income tax purposes.\n\n\nThe record date to determine those shareholders entitled to receive a\n dividend payment for quarterly periods subsequent to April 30, 2013 will be set in accordance with the policies of the TSX Venture\n Exchange, and will be announced in advance of each payment date.\n\n\nThe dividend policy will be reviewed periodically by the board of\n directors of the Company. The board of directors has the sole\n discretion to declare and to adjust or eliminate dividends based on\n relevant considerations, including the Company's need to retain capital\n to support its stability and growth, and compliance with ap...

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