StoneMor Partners L.P. Announces 2013 Fourth Quarter Cash Distribution
January 27 2014 - 7:00AM
StoneMor Partners L.P. (NYSE:STON) announced today that it has
declared a cash distribution of $0.60 per unit, payable on February
14, 2014, to common unit holders of record as of the close of
business on February 6, 2014. The distribution remains unchanged
from the 2013 third quarter distribution.
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Levittown,
Pennsylvania, is an owner and operator of cemeteries and funeral
homes in the United States, with 277 cemeteries and 90 funeral
homes in 28 states and Puerto Rico. StoneMor is the only publicly
traded deathcare 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 Investor Relations section, at
http://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.
Forward-Looking Statements
Certain statements contained in this press release,
including, but not limited to, information regarding the status and
progress of StoneMor's operating activities, the plans and
objectives of its management, assumptions regarding its future
performance and plans, and any financial guidance provided, as well
as certain information in other filings with the Securities and
Exchange Commission and elsewhere, are forward-looking
statements. The words "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "project," "expect," "predict,"
and similar expressions identify these forward-looking
statements. These forward-looking statements are made subject
to certain risks and uncertainties that could cause StoneMor's
actual results of operations to differ materially from those
expressed or implied by forward-looking statements, including, but
not limited to, the following: uncertainties associated with
future revenue and revenue growth; the effect of the current
economic downturn; the impact of StoneMor's significant leverage on
its operating plans; StoneMor's ability to service its debt and pay
distributions; the decline in the fair value of certain equity and
debt securities held in its trusts; StoneMor's ability to attract,
train and retain an adequate number of sales people; uncertainties
associated with the volume and timing of pre-need sales of cemetery
services and products; increased use of cremation; changes in the
death rate; changes in the political or regulatory environments,
including potential changes in tax accounting and trusting
policies; StoneMor's ability to successfully implement a strategic
plan relating to achieving operating improvement, strong cash flows
and further deleveraging; StoneMor's ability to successfully
compete in the cemetery and funeral home industry; uncertainties
associated with the integration or the anticipated benefits of
StoneMor's recent acquisitions and any future acquisitions;
StoneMor's ability to complete and fund additional acquisitions;
StoneMor's ability to maintain effective disclosure controls and
procedures and internal control over financial reporting; the
effects of cyber security attacks due to StoneMor's significant
reliance on information technology; uncertainties relating to the
financial condition of third-party insurance companies that fund
StoneMor's pre-need funeral contracts; and various other
uncertainties associated with the death care industry and
StoneMor's operations in particular.
When considering forward-looking statements, the
reader 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. Except as required by
federal and state securities laws, StoneMor assumes no obligation
to update or revise any forward-looking statements made herein or
any other forward-looking statements made by StoneMor, whether as a
result of new information, future events, or otherwise.
CONTACT: John McNamara
(215) 826-2800
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