TORONTO, ONTARIO--(Marketwired - Oct. 24, 2016) - Park Lawn Corporation (TSX:PLC) ( "PLC")
announced today that the monthly dividend of $0.038 per share will be payable on November 15th, 2016 to shareholders
of record at October 31st, 2016.
PLC offers a Dividend Reinvestment Plan ("DRIP") which allows eligible shareholders of PLC to reinvest their
cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the
applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued
will be the volume weighted trading price of PLC's common shares over the five business days immediately preceding such dividend
payment date less a discount, if any, of up to 5%, at PLC's election. PLC has set the current discount for purchases under the
DRIP at 3%. PLC may, subject to the terms of the DRIP, alter or eliminate any discount at any time.
An eligible shareholder may enroll in the DRIP by completing an enrollment form and returning it to TSX Trust Company (the
"Administrator"). A completed enrollment form must be received by the Administrator no later than 3:00 pm EST on
the fifth business day immediately preceding the relevant dividend record date in order to take effect on the dividend payment
date to which that dividend record date relates.
The full text of the DRIP and an enrollment form are available on PLC's website at www. parklawncorp.com. Shareholders should
carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP. Beneficial
shareholders who hold their shares through a nominee and who wish to participate in the DRIP should contact their nominee to
enquire about enrollment.
About Park Lawn Corporation
Park Lawn Corporation provides goods and services associated with the disposition and memorialization of human remains.
Products and services are sold on a pre‐planned basis (pre‐need) or at the time of a death (at‐need). PLC and its subsidiaries
own and operate 34 cemeteries in Ontario and Michigan and 22 funeral homes, chapels and planning offices in Quebec, Ontario,
Manitoba and Saskatchewan. PLC's Harmonia business currently operates under license in the province of Quebec.