Press Releases

PARK LAWN PROVIDES UPDATE ON SPECIAL MEETING IN CONNECTION WITH GOING PRIVATE TRANSACTION

Announces Postponement of Annual Meeting of Shareholders TORONTO, ONTARIO – June 18, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) today announced that it has filed the requisite notice setting the record and meeting date in respect of its special meeting  (the “Special Meeting“) of shareholders of Park Lawn (the “Shareholders“) to be held to consider its previously announced going private transaction (the “Transaction“), pursuant to which Viridian Acquisition Inc. (the “Purchaser“), an affiliate of Homesteaders Life Company and Birch Hill Equity Partners Management Inc., will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share. The record date for the

Park Lawn Announces Going Private Transaction with Homesteaders Life Company and Birch Hill Equity Partners

Park Lawn Shareholders to Receive Consideration of $26.50 Per Share in Cash TORONTO, ONTARIO – June 3, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement“) with Viridian Acquisition Inc. (the “Purchaser“), an affiliate of Homesteaders Life Company (“Homesteaders“) and Birch Hill Equity Partners Management Inc. (“Birch Hill” and together with Homesteaders, the “Purchaser Group“), pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share (the “Consideration“) in an all-cash transaction valued at approximately $1.2 billion, including Park Lawn’s net debt (the “Transaction“).

Park Lawn Corporation Announces Q1 2024 Financial Results

TORONTO, ONTARIO/May 9, 2024/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced its financial operating results for the first quarter ended March 31, 2024 (“Q1”). Financial Results for the Three-Month Period Ended March 31, 2024: “We are proud of our first quarter operating results and are excited to see the hard work and efforts of our team beginning to take shape,” said J. Bradley Green, Chief Executive Officer.  Mr. Green further elaborated, “As you have heard in our commentary over the past few quarters, with the reshaping of our platform as a result of the disposition of certain legacy assets which was completed in December, the implementation of a refined operating model, a new and

Park Lawn First Quarter 2024 Financial Results Released on Thursday, May 9, 2024 and Earnings Conference Call on Friday, May 10, 2024 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (April 29, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will release its first quarter financial results for 2024 on Thursday, May 9, 2024.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, May 10, 2024, to discuss its Q1 2024 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider.  PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels and event centers throughout Canada and the United States which provide

Park Lawn Corporation Announces First Quarter 2024 Dividend

TORONTO, ONTARIO – (MARCH 22, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on April 15, 2024 to shareholders of record as at March 29, 2024. 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

Park Lawn Corporation Announces Fourth Quarter and Year-End 2023 Results, Appointment of New Director and its 2024 Financial Outlook

TORONTO, ONTARIO/March 7, 2024/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced its financial operating results for the fourth quarter (“Q4”) and year ended December 31, 2023, the appointment of a new director and its 2024 financial outlook. Financial Results from Q4 and the Year Ended 2023 “Our focus on operational efficiency and cost management contributed to improved profitability and bottom-line growth during the 2023 calendar year,” stated J. Bradley Green, Chief Executive Officer. Mr. Green continued, “In addition, during the fourth quarter, we achieved an important milestone in the Company’s history through the strategic disposition of certain legacy businesses which has allowed us to reshape our platform and reallocate resources to support a more

Park Lawn Fourth Quarter 2023 Financial Results Released on Thursday, March 7, 2024 and Earnings Conference Call on Friday, March 8, 2024 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (February 26, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will release its fourth quarter financial results for 2023 on Thursday, March 7, 2024.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, March 8, 2024, to discuss its Q4 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider.  PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels and event centers throughout Canada and the United States which provide

Park Lawn Solidifies its Presence on the Colorado Western Slope

TORONTO, ONTARIO/February 20, 2024/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the acquisition of substantially all of the assets of Crippin Funeral Home located in Montrose, Colorado; Gunnison Funeral Services located in Gunnison, Colorado; and Grand View Cemetery located in Montrose, Colorado (collectively “Crippin”). The Crippin acquisition deepens Park Lawn’s footprint in the Colorado market through the addition of two (2) stand-alone funeral homes as well as one (1) stand-alone cemetery. “For 37 years, the Crippin businesses have proudly served Montrose and its surrounding communities. We take great pride in our ability to provide excellent professional service and guidance to our families at their time of need and

Park Lawn Completes Divestiture of Certain Legacy Assets

TORONTO, ONTARIO/December 20, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”), today announced that it has successfully completed the previously announced divestiture of certain legacy assets including all the assets of The Park Lawn Cemetery Company (USA), Inc., PLC Saber Ltd. and PLC Citadel Ltd. to Everstory Acquisition Portfolio, LLC (“EAP”), an affiliate of Everstory Partners (“Everstory Partners”). The divestiture includes 72 cemeteries in Kentucky, Michigan, North Carolina and South Carolina and 11 funeral homes in Kentucky and North Carolina.  “The completion of this divestiture marks an important milestone in the execution of Park Lawn’s long-term strategy,” said J. Bradley Green, Chief Executive Officer.  Mr. Green further stated, “Park Lawn has now refined its portfolio and,

Park Lawn Corporation Announces Fourth Quarter 2023 Dividend

TORONTO, ONTARIO – (DECEMBER 19, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on January 15, 2024 to shareholders of record as at December 29, 2023. 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

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