StoneMor Partners L.P. Announces Increased Distribution, Date of Conference Call and Webcast to Discuss 2015 Third Quarter Fi...
October 27 2015 - 7:00AM
StoneMor Partners L.P. (NYSE:STON)
(“StoneMor” or the “Partnership”) today announced
an increased quarterly cash distribution of $0.66 per common unit
for the 3rd quarter 2015, a 7% increase from the prior year 3rd
quarter of $0.62 per common unit, and a 2% increase from the 2nd
quarter 2015. This represents the 6th successive increase in
the quarterly cash distribution. The distribution is payable
on November 13, 2015 to common unit holders of record as of the
close of business on November 6, 2015.
StoneMor plans to hold an investors' conference call to discuss
its 2015 third quarter financial results (which will be released
before this call) on Monday, November 9, 2015, at 10:00 AM
ET. The conference call can be accessed by calling (800)
698-0460. An audio replay of the conference call will be
available by calling (800) 633-8284 through 12:00 PM ET on November
23, 2015. The reservation number for the audio replay is:
21783749. The audio replay of the conference call will also
be archived on StoneMor's website at www.stonemor.com.
StoneMor will also host a live webcast of this conference
call. Investors may access the live webcast via the Investors
page of the StoneMor website under Events & Presentations.
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 306 cemeteries and 103 funeral
homes in 28 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.
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
This press release contains
forward-looking statements that involve a number of assumptions,
risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking
statements. The Partnership cautions readers that any
forward-looking information is not a guarantee of future
performance. Such forward-looking statements include, but are
not limited to, statements about future financial and operating
results, resource and production potential, the Partnership’s
plans, objectives, expectations and intentions and other statements
that are not historical facts. Risks, assumptions and uncertainties
that could cause actual results to materially differ from the
forward-looking statements include, but are not limited to, those
associated with general economic and business conditions; the
Partnership’s ability to realize the anticipated benefits of its
acquisitions; the Partnership’s level of indebtedness; changes in
government environmental policies and other environmental risks;
tax consequences of business transactions; and other risks,
assumptions and uncertainties detailed from time to time in the
Partnership’s reports filed with the U.S. Securities and Exchange
Commission, including quarterly reports on Form 10-Q, reports on
Form 8-K and annual reports on Form 10-K. Forward-looking
statements speak only as of the date hereof, and the Partnership
assumes no obligation to update such statements, except as may be
required by applicable law.
CONTACT: John McNamara
Director - Investor Relations
StoneMor Partners L.P.
(215) 826-2945
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