TREVOSE, Pa., April 26, 2016 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced a quarterly cash distribution of $0.66 per common unit for the 1st quarter 2016. The distribution represents a 3.1% increase over the prior year 1st quarter. The distribution is payable on May 13, 2016 to common unit holders of record as of the close of business on May 6, 2016.
StoneMor plans to hold an investors' conference call to discuss its 1st quarter financial results (which will be released before this call) on Monday, May 9, 2016 at 11:00 AM ET. The conference call can be accessed by calling (800) 659-3814. An audio replay of the conference call will be available by calling (800) 633-8284 through 1:00 PM ET on May 23, 2016. The reservation number for the audio replay is: 21810417. The audio replay of the conference call will also be archived on StoneMor's website at www.stonemor.com.
StoneMor will also host a live webcast of this conference call. Investors may access the live webcast via the Investors page of the StoneMor website under Events & Presentations.
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 307 cemeteries and 105 funeral homes in 28 states and Puerto Rico. StoneMor is the only publicly traded death care 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.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of StoneMor's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, StoneMor's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. The Partnership cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements about future financial and operating results, resource and production potential, the Partnership’s plans, objectives, expectations and intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; the Partnership’s ability to realize the anticipated benefits of its acquisitions; the Partnership’s level of indebtedness; changes in government environmental policies and other environmental risks; tax consequences of business transactions; and other risks, assumptions and uncertainties detailed from time to time in the Partnership’s reports filed with the U.S. Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Forward-looking statements speak only as of the date hereof, and the Partnership assumes no obligation to update such statements, except as may be required by applicable law.