StoneMor Partners L.P. Announces Quarterly Cash Distribution
April 28 2017 - 2:41PM
StoneMor Partners L.P. (NYSE:STON)
(“StoneMor” or the “Partnership”) today announced
that the Board of Directors of its general partner declared a
quarterly cash distribution of $0.33 per common unit for the first
quarter of 2017. The distribution is payable on May 15, 2017
to common unit holders of record as of the close of business on May
8, 2017.
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Trevose,
Pennsylvania, is an owner and operator of cemeteries and funeral
homes in the United States, with 316 cemeteries and 100 funeral
homes in 27 states and Puerto Rico.
StoneMor is the only publicly traded death care
company structured as a partnership. StoneMor’s cemetery products
and services, which are sold on both a pre-need (before death) and
at-need (at death) basis, include: burial lots, lawn and mausoleum
crypts, burial vaults, caskets, memorials, and all services which
provide for the installation of this merchandise. For additional
information about StoneMor Partners L.P., please visit StoneMor’s
website, and the investors section, at http://www.stonemor.com.
This press release is intended to be a qualified
notice under Treasury Regulation Section 1.1446-4(b). Brokers and
nominees should treat one hundred percent (100.0%)
of StoneMor's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a United
States trade or business.
Accordingly, StoneMor's distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this press release
as well as certain information in StoneMor’s filings with the
Securities and Exchange Commission and elsewhere, are
forward-looking statements. Generally, the words “believe,” “may,”
“will,” “estimate,” “continue,” “anticipate,” “intend (including,
but not limited to StoneMor’s intent to maintain or increase its
distributions),” “project,” “expect,” “predict” and similar
expressions identify these forward-looking statements.
These forward-looking statements are based
on management’s current expectations and estimates. These
statements are neither promises nor guarantees and are made subject
to risks and uncertainties that could cause actual results to
differ materially from those stated or implied by the
forward-looking statements.
When considering forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements set forth in StoneMor’s Annual Report on Form 10-K filed
with the Securities and Exchange Commission on February 29, 2016
and the other reports that StoneMor files with the Securities and
Exchange Commission, from time to time. Except as required under
applicable law, StoneMor assumes no obligation to update or revise
any forward-looking statements made herein or any other
forward-looking statements made by it, whether as a result of new
information, future events or otherwise.
CONTACT:
John McNamara
Director - Investor Relations
StoneMor Partners L.P.
(215) 826-2945
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