Carriage Services, Inc. Announces Redemption of 7% Convertible Junior Subordinated Debentures due 2029 and Corresponding Trust

    Carriage Services, Inc. Announces Redemption of 7% Convertible Junior
     Subordinated Debentures due 2029 and Corresponding Trust Securities

PR Newswire

HOUSTON, March 17, 2014

HOUSTON, March 17, 2014 /PRNewswire/ --Carriage Services, Inc. (NYSE: CSV)
(the "Company") announced it has called for redemption all of its outstanding
7% Convertible Junior Subordinated Debentures due 2029 (the "Debentures:")
(CUSIP 143805 AA 5) held by Carriage Services Capital Trust ("Carriage Trust")
for redemption on April 16, 2014 at a price of $50 per $50 principal amount of
the Debentures being redeemed, plus accrued and unpaid interest to the
redemption date. In connection with the redemption of the Debentures by the
Company, Carriage Trust will redeem its outstanding 7% Convertible Preferred
Securities, Term Income Deferrable Equity Securities (the "TIDES") (CUSIPs
14444T101 and 14444T309) at an equivalent redemption price on the same
redemption date. The redemption of the Debentures and the TIDES will be
funded with a portion of the proceeds of the Company's offering of 2.75%
convertible subordinated notes due 2021, which is expected to close on March
19, 2014, subject to the satisfaction of customary closing conditions.

Certain statements made herein or elsewhere by, or on behalf of, the Company
that are not historical facts are intended to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. These
statements are based on assumptions that the Company believes are reasonable;
however, many important factors, as discussed under "Forward-Looking
Statements and Cautionary Statements" in the Company's Annual Report on Form
10-K for the year ended December 31, 2013, could cause the Company's results
in the future to differ materially from the forward-looking statements made
herein and in any other documents or oral presentations made by, or on behalf
of, the Company. The Company assumes no obligation to update or publicly
release any revisions to forward-looking statements made herein or any other
forward-looking statements made by, or on behalf of, the Company.

Carriage Services is a leading provider of deathcare services and merchandise
in the United States. Carriage operates 161 funeral homes in 26 states and 31
cemeteries in 10 states.

SOURCE Carriage Services, Inc.

Website: http://www.carriageservices.com
Contact: Investor Relations, Bill Heiligbrodt, 713-332-8553
 
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