NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 125 Other Claims NOTE 28: SUBSEQUENT EVENTS Increase in Annual Dividend Rate and Declaration of Dividends Cash Tender Offers Normal Course Issuer Bid In February 2014, we filed a notice with the TSX of our intention to renew our normal course issuer bid for our Class B Non-Voting shares for another year. Subject to acceptance by the TSX, this notice gives us the right to buy up to an aggregate $500 million or 35,780,234 Class B Non-Voting shares of RCI, whichever is less, on the TSX, NYSE and/or alternate trading systems any time between February 25, 2014 and February 24, 2015. The number of Class B Non-Voting shares we actually buy under the normal course issuer bid, if any, and when we buy them, will depend on our evaluation of market conditions, stock prices, our cash position, alternative uses of cash and other factors. On January 29, 2014, we announced that one of our wholly-owned subsidiaries commenced cash tender offers for any and all of our US $750 million 6.375% senior notes due 2014 and our US $350 million 5.500% senior notes due 2014. The tender offer consideration will be US $1,000 for each $1,000 principal amount of notes (plus accrued and unpaid interest to, but not including, the settlement date) and a consent payment equal to US $2.50 per US $1,000 principal amount of notes. In February 2014, the Board declared a quarterly dividend of $0.4575 per Class A Voting share and Class B Non-Voting share, to be paid on April 4, 2014, to shareholders of record on March 14, 2014. This is the first quarterly dividend in 2014 and reflects the new dividend rate. In February 2014, the Board approved an increase of 5% in the annualized dividend rate, to $1.83 per Class A Voting share and Class B Non-Voting share, effective immediately to be paid in quarterly amounts of $0.4575. The Board last increased the annualized dividend rate in February 2013, from $1.58 to $1.74 per Class A Voting and Class B Non-Voting share. Dividends are payable when declared by the Board. The following events occurred after the year ended December 31, 2013: The outcome of all the proceedings and claims against us, including the matters described above, is subject to future resolution that includes the uncertainties of litigation. Based on information currently known to us, we believe that it is not probable that the ultimate resolution of any of these proceedings and claims, individually or in total, will have a material adverse effect on our consolidated financial position or results of operations. If it becomes probable that we are liable, we will record a provision in the period the change in probability occurs, and it could be material to our consolidated financial position and results of operations. There are certain other claims and potential claims against us. We do not expect any of these to have materially adverse effect on our consolidated financial position.