Category: Finance

Press Releases

Park Lawn Q2 2020 Financial Results Released on Thursday, August 13, 2020 and Earnings Conference Call on Friday, August 14, 2020 at 9:30 am (EST)

TORONTO, ONTARIO – (July 31, 2020)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its Q2 financial results for 2020 on Thursday August 13, 2020. PLC will host a conference call at 9:30 am (EST) on Friday August 14, 2020 to discuss its Q2 2020 financial results. Details of the conference call are as follows: Date: Friday, August 14, 2020 Time: 9:30am EST Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 5697518 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 July 2020 Dividend

TORONTO, ONTARIO–(July 27, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on August 17, 2020 to shareholders of record at July 31, 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 Closing of Over-Allotment Option in Connection with Recently Completed Bought Deal Offering of 5.75% Senior Unsecured Debentures for Additional Gross Proceeds of $11.25

TORONTO, July 21, 2020 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that, in connection with its recently completed bought deal offering (the “Offering”) of 5.75% listed senior unsecured debentures (the “Debentures“) at a price of $1,000 per Debenture, the over-allotment option granted to the Underwriters (defined below) was exercised in full for additional gross proceeds of $11.25 million. The sale of the additional Debentures brings the aggregate gross proceeds of the offering to $86.25 million. A syndicate of underwriters co-led by CIBC Capital Markets and National Bank Financial Inc., 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 (collectively, the “Underwriters”) acted as

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

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

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