LEVITTOWN, Pa., April 24, 2013 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) announced today an increase of its cash distribution to $0.595 per unit from $0.59. The distribution is payable on May 15, 2013, to common unit holders of record as of the close of business on May 6, 2013.
"We are very happy to announce our second distribution increase in six months," said Larry Miller, President and Chief Executive Officer. "All of our growth strategies, i.e. cemetery acquisitions, funeral home acquisitions etc., have been on display of late and this distribution increase is a reflection on our ability to successfully implement these strategies."
StoneMor also announced that on May 7, 2013, at 11:00 AM EDT it will be holding a conference call to discuss financial results for the 2013 first quarter. Investors may access this call by dialing (800) 734-8583. An audio replay of the conference call will be available by calling (800) 633-8284 through 1:00 PM EDT on May 21, 2013. The reservation number for the audio replay is as follows: 21655895. 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 Investor Relations page of the StoneMor website under Events & Presentations. About StoneMor Partners L.P. StoneMor Partners L.P., headquartered in Levittown, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 276 cemeteries and 92 funeral homes in 28 states and Puerto Rico. StoneMor is the only publicly traded deathcare 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.