

NOTE 3.	DIVIDENDS

On February 24, 2015, the Board of Directors of Cablevision declared a cash dividend of $0.15 per share payable on April 3, 2015 to stockholders of record on both its Cablevision NY Group ("CNYG") Class A common stock and CNYG Class B common stock as of March 16, 2015.

In March 2015, Cablevision paid accrued dividends on vested restricted shares of $3,925. In addition, as of March 31, 2015, up to approximately $5,596 will be paid when, and if, restricted shares and restricted stock units vest.

During the three months ended March 31, 2015, CSC Holdings made cash equity distribution payments to Cablevision aggregating $60,312. These distribution payments were funded from cash on hand. The proceeds were used to fund:


•	Cablevision's dividends;


•	Cablevision's interest payments on its senior notes; and


•	Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax withholding obligations upon the vesting of certain restricted shares.