TORONTO, Oct. 22, 2021 /CNW/ - Park Lawn Corporation
(TSX: PLC) ("PLC") announced today that the monthly dividend
of $0.038 per share will be payable
on November 15, 2021 to shareholders
of record as at October 29, 2021.
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, of up to 5%, at PLC's election. PLC has
set the current discount for purchases under the DRIP at 3%. PLC
may, subject to the terms of the DRIP, alter or eliminate any
discount at any time.
An eligible shareholder may enroll in the DRIP by completing an
enrollment form and returning it to TSX Trust Company (the
"Administrator"). A completed enrollment form must be
received by the Administrator no later than 3:00 pm EDT on the fifth business day immediately
preceding the relevant dividend record date in order to take effect
on the dividend payment date to which that dividend record date
relates.
The full text of the DRIP and an enrollment form are available
on PLC's website at www.parklawncorp.com. Shareholders should
carefully read the complete text of the DRIP before making any
decisions regarding their participation in the DRIP. Beneficial
shareholders who hold their shares through a nominee and who wish
to participate in the DRIP should contact their nominee to enquire
about enrollment.
About PLC
PLC provides goods and services associated with the disposition
and memorialization of human remains. Products and services are
sold on a pre-planned basis (pre-need) or at the time of a death
(at-need). PLC and its subsidiaries own and operate businesses
including cemeteries, crematoria, funeral homes, chapels, planning
offices and a transfer service. PLC operates in three Canadian
provinces and fifteen U.S. states.
SOURCE Park Lawn Corporation