StoneMor Partners L.P. Announces 2012 Fourth Quarter Cash Distribution
LEVITTOWN, Pa., Jan. 25, 2013 (GLOBE NEWSWIRE) -- StoneMor Partners L.P.
(NYSE:STON) announced today that is has declared a cash distribution of $0.59
per unit, payable on February 14, 2013, to common unit holders of record as of
the close of business on February 5, 2013. The distribution remains unchanged
from the third quarter 2012 distribution when the Partnership increased its
distribution from $0.585 per unit to the current level of $0.59 per unit.
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 276
cemeteries and 86 funeral homes in 28 states and Puerto Rico. StoneMor is the
only publicly traded deathcare 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.
For additional information about StoneMor Partners L.P., please visit
StoneMor's website, and the Investor Relations section, at
Certain statements contained in this press release, including, but not limited
to, information regarding the status and progress of our operating activities,
the plans and objectives of our management, assumptions regarding our 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 of the Securities Act of 1933 and
Section 21E 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 future revenue and revenue growth; the effect of the current
economic downturn; the impact of our significant leverage on our operating
plans; our ability to service our debt and pay distributions; the decline in
the fair value of certain equity and debt securities held in our trusts; our
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 the
death rate; changes in the political or regulatory environments, including
potential changes in tax accounting and trusting policies; our ability to
successfully implement a strategic plan relating to producing operating
improvements, strong cash flows and further deleveraging; our ability to
successfully compete in the cemetery and funeral home industry; uncertainties
associated with the integration or anticipated benefits of our recent
acquisitions or any future acquisitions; our ability to complete and fund
additional acquisitions; our ability to maintain effective disclosure controls
and procedures and internal control over financial reporting; the effect of
cybersecurity attacks due to our significant reliance on information
technology; uncertainties relating to the financial condition of third-party
insurance companies that fund our pre-need funeral contracts; and various
other uncertainties associated with the death care industry and our operations
When considering forward-looking statements, you should keep in mind the risk
factors and other cautionary statements set forth in our Annual Report on Form
10-K and our Quarterly Reports on Form 10-Q filed with the SEC.We assume no
obligation to publicly update or revise any forward-looking statements made
herein or any other forward-looking statements made by us, whether as a result
of new information, future events, or otherwise.
CONTACT: John McNamara
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