StoneMor Partners L.P. : Declares Quarterly Cash Distribution and Announces That It Will Hold Investors' Conference Call for Fourth Quarter and Year-End 2011 Financial Results
01/25/2012 | 10:14am
LEVITTOWN, Pa., Jan. 25, 2012 (GLOBE NEWSWIRE) -- StoneMor
Partners L.P. (Nasdaq:STON) announced today that it has
declared a cash distribution to $0.5850 per unit, payable on
February 15, 2012, to common unit holders of record as of the
close of business on February 6, 2012.
StoneMor plans to hold an investors' conference call to
review its fourth quarter results (which will be released
before this call) on Thursday, March 15th, 2012, at 10:00
a.m. Eastern Time. The conference call can be accessed by
calling (800) 272-9104. An audio replay of the conference
call will be available by calling (800) 633-8284 through
12:00 a.m. Eastern Time on March 29, 2012. The reservation
number for the audio replay is as
follows: 21575389. The audio replay of the
conference call will also be archived on StoneMor's.
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Levittown,
Pennsylvania, is an owner and operator of cemeteries and
funeral homes in the United States, with 274 cemeteries and
69 funeral homes in 28 states and Puerto Rico. StoneMor is
the only publicly traded death care company structured as a
partnership. StoneMor's cemetery products and services,
which are sold on both a pre-need (before death) and at-need
(at death) basis, include: burial lots, lawn and mausoleum
crypts, burial vaults, caskets, memorials, and all services
which provide for the installation of this merchandise.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%)
of [StoneMor's] distributions to non-U.S. investors
as being attributable to income that is effectively connected
with a United States trade or business.
Accordingly, [StoneMor's] distributions to
non-U.S. investors are subject to federal income tax
withholding at the highest applicable effective tax rate.
Forward-Looking Statements
Certain statements contained in this press release,
including, but not limited to, information regarding the
status and progress of the StoneMor's operating
activities, the plans and objectives of StoneMor's
management, assumptions regarding StoneMor's future
performance and plans, and any financial guidance provided,
as well as certain information in other filings with the SEC
and elsewhere, are forward-looking statements within the
meaning of Section 27A(i) of the Securities Act of 1933 and
Section 21E(i) of the Securities Exchange Act of 1934. The
words "believe," "may," "will,"
"estimate," "continue,"
"anticipate," "intend,"
"project," "expect," "predict,"
and similar expressions identify these forward-looking
statements. These forward-looking statements are made subject
to certain risks and uncertainties that could cause actual
results to differ materially from those stated, including,
but not limited to, the following: uncertainties associated
with the integration or the anticipated benefits of
StoneMor's recent acquisitions; uncertainties associated
with future revenue and revenue growth; the effect of the
current economic downturn; the impact of StoneMor's
significant leverage on its operating plans; the ability of
StoneMor to service its debt and pay distributions; the
decline in the fair value of certain equity and debt
securities held in StoneMor's trusts; StoneMor's
ability to attract, train and retain an adequate number of
sales people; uncertainties associated with the volume and
timing of pre-need sales of cemetery services and products;
increased use of cremation; changes in political or
regulatory environments, including potential changes in tax
accounting and trusting policies; StoneMor's ability to
successfully implement a strategic plan relating to producing
operating improvements, strong cash flows and further
deleveraging; StoneMor's ability to complete and fund
additional acquisitions; and various other uncertainties
associated with the death care industry and StoneMor's
operations in particular.
When considering forward-looking statements, you should keep
in mind the risk factors and other cautionary statements set
forth in StoneMor's Annual Report on Form 10-K and its
Quarterly Reports on Form 10-Q filed with the SEC. StoneMor
assumes no obligation to publicly update or revise any
forward-looking statements made herein or any other
forward-looking statements made by it, whether as a result of
new information, future events, or otherwise.
CONTACT: Tim Yost
(215) 826-2800
Source: StoneMor Partners L.P.
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