TORONTO, Jan. 18, 2018 /CNW/ - Park Lawn Corporation
(TSX:PLC) ("PLC") announced today that the monthly dividend of $0.038 per share will be
payable on February 15 th, 2018 to shareholders of record at January 31 st, 2018.
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 PLC
PLC 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 88
businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates
in Ontario, Quebec, Manitoba, Saskatchewan, British Columbia, Michigan, Kentucky & Texas.
SOURCE Park Lawn Corporation
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