Keystone North America Inc. announces August dividend



    
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
    SERVICES/
    

    TORONTO, Aug. 20 /CNW/ - Keystone North America Inc. ("KNA") today
announced that a cash dividend of C$0.07 per common share (TSX: KNA) has been
declared and will be payable on September 15, 2009 to holders of record at the
close of business on August 31, 2009. KNA designates the dividend paid on its
common shares (including the dividend paid on the common shares represented by
KNA's income participating securities ("IPS")) to be an "eligible dividend"
pursuant to subsection 89(14) of the Income Tax Act (Canada) and its
equivalent in any provinces of Canada.
    IPS (TSX: KNA.UN) holders of record at the close of business on August
31, 2009, will be entitled to a payment of C$0.380735 per IPS on September 15,
2009, for the period beginning August 1, 2009 and ending August 31, 2009,
reflecting: (i) payment of the cash dividend for August of C$0.07 per common
share included in the IPS (as noted in the paragraph above); and (ii) payment
of interest for August of C$0.310735 per C$25.716 aggregate principal amount
of 14.5% subordinated notes of KNA included in the IPS.
    KNA's policy for payment of a declared monthly dividend is to pay the
dividend to holders of common shares of record on the last business day of the
calendar month for which the dividend is declared, on the fifteenth day (or
the next business day if such day is not a business day) of the next calendar
month.

    About Keystone North America Inc.

    KNA, through its subsidiaries, is a leading funeral service provider in
North America, operating 199 funeral homes and 15 cemeteries across the United
States and the province of Ontario, making it, in management's estimate, the
fifth largest funeral home operator in North America.

    Note on Forward-Looking Statements

    This press release may contain "forward-looking statements" that reflect
the current expectations of management regarding future outcomes such as our
future growth, results of operations, performance and business prospects and
opportunities. Forward-looking statements are only expectations and are not
guarantees of performance or other outcomes. Wherever possible, words such as
"may", "would", "could", "will", "anticipate", "believe", "plan", "expect",
"intend", "estimate", "aim", "endeavor" and similar expressions have been used
to identify these forward-looking statements. Forward-looking statements
reflect management's beliefs based on information currently available to
management, and involve significant known and unknown risks, uncertainties and
assumptions. Many factors could cause our actual results, performance or
achievements or other outcomes to be materially different from any future
outcomes that may be expressed or implied by such forward-looking statements,
including, without limitation, those listed in the "Risk Factors" section of
KNA's Annual Information Form for the year ended December 31, 2008. Should one
or more of these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual results,
performance or achievements could vary materially from those expressed or
implied by the forward-looking statements contained in this press release.
These factors should be considered carefully and investors should not place
undue reliance on any forward-looking statements. Although forward-looking
statements that may be contained in this press release are based upon what
management currently believes to be reasonable assumptions, we cannot assure
that actual results, performance or achievements will be consistent with these
forward-looking statements.

    %SEDAR: 00021578E




For further information:

For further information: Steven Tidwell, Chief Executive Officer, (813)
225-4653 or stidwell@keystonegroup.com, Stephen Shaffer, Executive Vice
President and Chief Financial Officer, (813) 225-4654 or
sshaffer@keystonegroup.com or visit our investor website at
www.keystonenorthamerica.ca

Organization Profile

KEYSTONE NORTH AMERICA INC.

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