Canada NewsWire
TORONTO, March 22, 2019
TORONTO, March 22, 2019 /CNW/ - Park Lawn Corporation (TSX:PLC)
( "PLC") announced today that the monthly dividend of $0.038 per share will be payable on
April 15th, 2019 to shareholders of record at March
31st, 2019.
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 businesses
including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in five
Canadian provinces and twelve US States.
SOURCE Park Lawn Corporation
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