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Park Lawn Corporation Announces Successful Closing of $75 Million Offering of 5.75% Senior Unsecured Debentures

July 14, 2020

TORONTO, July 14, 2020 /CNW/ – Park Lawn Corporation (TSX:PLC) (“PLC” or the “Company“) is pleased to announce that it has completed its previously announced offering of listed senior unsecured debentures (“Debentures“) with a syndicate of underwriters co-led by CIBC Capital Markets and National Bank Financial Inc. (the “Co-Lead Underwriters“) and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Acumen Capital Finance Partners Limited, Cormark Securities Inc., Paradigm Capital Inc., Raymond James Ltd. and Stifel GMP (together with the Co-Lead Underwriters, the “Underwriters“), on a bought deal basis. A total of $75 million aggregate principal amount of Debentures were issued at a price of $1,000 per Debenture (the “Offering“). PLC has granted the Underwriters an option to purchase up to an additional $11.25 million aggregate principal amount of

Park Lawn Corporation Announces $75 Million Bought Deal Offering of 5.75% Senior Unsecured Debentures

June 25, 2020

TORONTO, ONTARIO (June 25, 2020) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets and National Bank Financial Inc. under which the underwriters have agreed to purchase $75 million aggregate principal amount of listed senior unsecured debentures due December 31, 2025 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). PLC has also granted the underwriters an option to purchase up to an additional $11.25 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. The

Park Lawn Corporation Announces June 2020 Dividend

June 24, 2020

TORONTO, ONTARIO–(June 24, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on July 15, 2020 to shareholders of record at June 30, 2020. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less a discount, if any,

Park Lawn Corporation Announces Election of Directors, Appoints J. Bradley Green as CEO, Jay Dodds as President and COO and Appoints both Mr. Green and Mr. Dodds to the Board of Directors

June 22, 2020

TORONTO, ONTARIO (June 22, 2020) – Park Lawn Corporation (TSX: PLC) (“Park Lawn” or the “Company”) announced today that each of the six nominees listed in its management information circular dated May 5, 2020 was elected as a director of Park Lawn at the Annual and Special Meeting of Shareholders held virtually on June 22, 2020. The vote was conducted by online ballot. Detailed results of the votes cast at the meeting are set out below: The Company also announced the appointment of J. Bradley Green as Chief Executive Officer and Jay D. Dodds as President and Chief Operating Officer. Both individuals were appointed to the Company’s Board of Directors following the annual meeting. Mr. Green assumed the role as Interim

Park Lawn Corporation Announces May 2020 Dividend

May 25, 2020

TORONTO, ONTARIO–(May 25, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on June 15, 2020 to shareholders of record at May 29, 2020. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less a discount, if any,

Park Lawn Corporation Releases Q1 2020 Results and Provides COVID-19 Updates

May 12, 2020

TORONTO, ONTARIO (May 12, 2020) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the first quarter (“Q1”) ended March 31, 2020. The results show strong revenue growth, with an increase of 47.5% as compared to the same period in 2019. Net Earnings attributable to PLC shareholders were $734,057 in Q1 2020 compared to $3,325,247 in Q1 2019. On a fully diluted per share basis, this represents $0.025 for 2020, as compared to $0.141 in 2019. Earned $17.1 million in adjusted EBITDA this quarter representing approximately $0.58 per common share, an increase of 45.6% and 15.9% respectively over the same period last year Adjusted EBITDA margin improved to 23.3% in the first quarter of 2020,

Park Lawn Q1 2020 Financial Results Released on Tuesday, May 12, 2020 and Earnings Conference Call on Wednesday, May 13, 2020 at 9:30 am (EST)

May 5, 2020

TORONTO, ONTARIO – (May 4, 2020) – Park Lawn Corporation (TSX: PLC) (“PLC”) announced today that it will release its Q1 financial results for 2020 on Tuesday May 12, 2020. PLC will host a conference call at 9:30 am (EST) on Wednesday May 13, 2020 to discuss its Q1 2020 financial results. Details of the conference call are as follows: Date: Wednesday, May 13, 2020 Time: 9:30am EST Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 3167651 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services

Park Lawn Corporation Announces April 2020 Dividend

April 29, 2020

TORONTO, ONTARIO–(April 23, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on May 15, 2020 to shareholders of record at April 30, 2020. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less a discount, if any,

Park Lawn Corporation Accelerates Development of the Eternal Sunset Memorial Park and Cemetery

March 5, 2020

Approximately 12,000 new lots have been developed since November 2018. Phase 2 construction is underway with 6,000 new lots expected to be developed by the end of 2020 March 5, 2020 – CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to provide an update on the continuing development of the 78-acre Eternal Sunset Memorial Park and Cemetery in Lafayette, New Jersey. Since November 2018, PLC has developed and opened approximately 12,000 new lots in inventory, having sold lots to multiple associations and hundreds of families. The Company has also begun development of another 6,000 lots, with an anticipated completion date of December 31, 2020. “The progress we’ve made at Eternal Sunset is one of PLC’s biggest

Growth Strategy Execution Continues with Construction Launch of On-Site Funeral Visitation and Reception Centre at Westminster Cemetery

March 2, 2020

New 32,100 square foot facility will be Park Lawn’s first on-site funeral visitation and reception centre in Canada TORONTO, March 2, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that construction of an on-site funeral visitation and reception centre at the Westminster Cemetery in Toronto, Ontario is now underway. The 32,100 square foot facility will be the Company’s first on-site funeral visitation and reception centre in Canada. Park Lawn currently owns 18 on-site funeral homes as part of its PLC portfolio, which provide the highest margins of all business units. The CAD$15 million construction project at Westminster Cemetery began in January 2020 with site plan approvals, initial road work and site services well

Category: Press Releases

Press Releases

Park Lawn Corporation Announces Successful Closing of $75 Million Offering of 5.75% Senior Unsecured Debentures

Park Lawn Corporation Announces $75 Million Bought Deal Offering of 5.75% Senior Unsecured Debentures

Park Lawn Corporation Announces June 2020 Dividend

Park Lawn Corporation Announces Election of Directors, Appoints J. Bradley Green as CEO, Jay Dodds as President and COO and Appoints both Mr. Green and Mr. Dodds to the Board of Directors

Park Lawn Corporation Announces May 2020 Dividend

Park Lawn Corporation Releases Q1 2020 Results and Provides COVID-19 Updates

Park Lawn Q1 2020 Financial Results Released on Tuesday, May 12, 2020 and Earnings Conference Call on Wednesday, May 13, 2020 at 9:30 am (EST)

Park Lawn Corporation Announces April 2020 Dividend

Park Lawn Corporation Accelerates Development of the Eternal Sunset Memorial Park and Cemetery

Growth Strategy Execution Continues with Construction Launch of On-Site Funeral Visitation and Reception Centre at Westminster Cemetery

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