Keystone North America Inc. announces February dividend


    TORONTO, Feb. 18 /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 March 16, 2009 to holders of record at the
close of business on February 27, 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 February
27, 2009, will be entitled to a payment of C$0.380735 per IPS on March 16,
2009, for the period beginning February 1, 2009 and ending February 28, 2009,
reflecting: (i) payment of the cash dividend for February of C$0.07 per common
share included in the IPS (as noted in the paragraph above); and (ii) payment
of interest for February 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

    About Keystone North America Inc.

    KNA, through its subsidiaries, is a leading funeral service provider in
North America, operating 198 funeral homes and 16 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 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. 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; Stephen Shaffer, Executive Vice
President and Chief Financial Officer, (813) 225-4654 or or visit our investor website at

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