Park Lawn Corporation Announces Fourth Quarter 2022 Dividend

Rhea-AI Summary

Park Lawn Corporation has declared a quarterly dividend of $0.114 per share, to be paid on January 16, 2023, to shareholders on record as of December 30, 2022. Shareholders can enroll in the Dividend Reinvestment Plan (DRIP), allowing them to reinvest dividends into additional shares at a discount of 3%. The DRIP enables shareholders to benefit from reinvestment on the dividend payment date.

Positive

• Quarterly dividend of $0.114 per share enhances shareholder income.
• Availability of DRIP allows shareholders to reinvest dividends at a 3% discount.

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• None.

TORONTO, ON / ACCESSWIRE / December 21, 2022 / Park Lawn Corporation (TSX:PLC, PLC.U) ("PLC") announced today that the quarterly dividend of $0.114 per share will be payable on January 16, 2023 to shareholders of record as at December 30, 2022.

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 EDT 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 three Canadian provinces and eighteen U.S. states.

Contact Information

Daniel Millett
Chief Financial Officer
(416) 231-1462 ext. 221

SOURCE: Park Lawn Corporation

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