Keystone North America Inc. announces September dividend



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

    TORONTO, Sept. 19 /CNW/ - Keystone North America Inc. ("KNA") today
announced that a cash dividend of C$0.07 per common share (TSX: KNA) will be
payable on October 15, 2008 to holders of record at the close of business on
September 30, 2008, for the period beginning September 1, 2008 and ending
September 30, 2008. KNA designates the dividend paid on its common shares
(including the dividend paid on the common shares represented by income
participating security ("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
September 30, 2008, will be entitled to a payment of C$0.380735 per IPS on
October 15, 2008, for the period beginning September 1, 2008 and ending
September 30, 2008, reflecting: (i) a cash dividend of C$0.07 per common
share; and (ii) an interest payment of C$0.310735 per C$25.716 aggregate
principal amount of 14.5% subordinated notes of KNA.
    KNA's policy is for holders of common shares of record on the last
business day of a calendar month to receive dividend payments on the fifteenth
day (or the next business day if such day is not a business day) of the next
calendar month.
    KNA, through its subsidiaries, is a leading owner and operator of funeral
homes across the United States. KNA 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.

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