Keystone North America Inc. announces June cash distribution



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

    TORONTO, June 19 /CNW/ - Keystone North America Inc. ("KNA") today
announced that a cash dividend of C$0.01166666 per share on common shares
issued separately from IPSs (TSX: KNA) will be payable on July 15, 2008 to
holders of record at the close of business on June 30, 2008, for the period
beginning June 1, 2008 and ending June 30, 2008. KNA also announced that a
cash payment of C$0.06345583 per income participating security ("IPS") (TSX:
KNA.UN) of KNA will be payable on July 15, 2008 to holders of record of IPSs
at the close of business on June 30, 2008.
    Each IPS currently represents one common share of KNA and C$4.286
aggregate principal amount of 14.5% subordinated notes of KNA (successor to
Keystone Newport ULC). The total payment of C$0.06345583 per IPS reflects: (i)
a cash dividend of C$0.01166666 per common share for the period beginning
June 1, 2008 and ending June 30, 2008; and (ii) an interest payment of
C$0.05178917 per IPS for the period beginning June 1, 2008 and ending
June 30, 2008.
    KNA's policy is for holders of common shares issued separately from IPSs
and holders of IPSs of record on the last business day of a calendar month to
receive dividend and interest payments on the fifteenth day (or the next
business day if such day is not a business day) of the next calendar month.
    KNA designates the dividend paid on its common shares (including the
dividend paid on the common shares represented by IPSs) to be an "eligible
dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and its
equivalent in any provinces of Canada.
    KNA, through its subsidiary Keystone Group Holdings, Inc. ("Keystone"),
is a leading owner and operator of funeral homes across the United States.
Keystone owns and operates funeral homes and 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.

    Forward-Looking Statement

    This press release may contain forward-looking statements relating to
expected future events and financial and operating results of KNA that involve
risks and uncertainties. These forward looking statements reflect management's
current reasonable expectations regarding future events and operating
performance and speak only as of the date of this news release. A number of
factors could cause actual results to differ materially from the results
discussed in the forward-looking statements including, among others, those
factors set out in the "Risk Factors" sections of KNA's Annual Information
Form dated March 27, 2008 and the final short form prospectus dated
April 14, 2008, which are incorporated herein by reference. However, the risk
factors set out therein are not exhaustive of the factors that may affect any
of KNA's forward-looking statements. Although the forward-looking statements
contained in this news release are based upon what management believes to be
reasonable assumptions, investors cannot be assured that actual results will
be consistent with these forward-looking statements, and the differences may
be material. These assumptions, which include, management's current
expectations, estimates and assumptions about the markets KNA operates in,
interest rates, exchange rates and tax considerations may prove to be
incorrect. Further information regarding these and other factors is included
in KNA's public filings with Canadian securities regulatory authorities. Due
to the potential impact of these factors, KNA disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, unless required by
applicable law.
    %SEDAR: 00021578E




For further information:

For further information: Steven Tidwell, Chief Executive Officer, (813)
225-4653 or stidwell@keystonegroup.com; Stephen Shaffer, 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.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890