/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
TORONTO, Sept. 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 October 15, 2009 to holders of record at the close of business on September 30, 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 September 30, 2009, will be entitled to a payment of C$0.380735 per IPS on October 15, 2009, for the period beginning September 1, 2009 and ending September 30, 2009, reflecting: (i) payment of the cash dividend for September of C$0.07 per common share included in the IPS (as noted in the paragraph above); and (ii) payment of interest for September 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.
SOURCE KEYSTONE NORTH AMERICA INC.
For further information: For further information: Steven Tidwell, Chief Executive Officer, (813) 225-4653 or firstname.lastname@example.org; Stephen Shaffer, Executive Vice President and Chief Financial Officer, (813) 225-4654 or email@example.com; or visit our investor website at www.keystonenorthamerica.ca.