Keystone North America Inc. announces May Dividend


    TORONTO, May 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 June 15, 2009 to holders of record at the
close of business on May 29, 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 May 29,
2009, will be entitled to a payment of C$0.380735 per IPS on June 15, 2009,
for the period beginning May 1, 2009 and ending May 31, 2009, reflecting: (i)
payment of the cash dividend for May of C$0.07 per common share included in
the IPS (as noted in the paragraph above); and (ii) payment of interest for
May 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 200 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 our future growth, results of
operations, performance and business prospects and opportunities.
Forward-looking statements are only predictions and are not guarantees of
performance. 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. These statements reflect management's beliefs with
respect to future events and are based on information currently available to
management. Forward-looking statements involve significant known and unknown
risks, uncertainties and assumptions. Many factors could cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements 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 prospective investors should not place
undue reliance on the forward-looking statements. Although the 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
prospective investors that actual results, performance or achievements will be
consistent with these forward-looking statements.

    %SEDAR: 00021578E

For further information:

For further information: please contact 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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