TREVOSE, Pa., Dec. 20, 2019 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE: STON) a leading owner and operator of cemeteries and funeral homes, today announced that at a special meeting of the Partnership's unitholders held earlier today, the Partnership's unitholders voted to approve and adopt the Merger and Reorganization Agreement dated September 27, 2018, as amended to date, pursuant to which, among other things, StoneMor GP LLC will convert from a Delaware limited liability company into a Delaware corporation to be named StoneMor Inc. Merger Sub will be merged with and into the Partnership and the Partnership will become a wholly-owned subsidiary of the Company and the holders of common units and Series A Covertible Preferred Units of the Partnership, each representing limited partner interests in the Partnership, will become stockholders in the Company.

Approximately 99.9% of the total StoneMor units that were voted at the special meeting voted in favor of the Merger. With a quorum voting, the Merger Agreement and Merger were approved and adopted by the unitholders.

The Merger is expected to close on December 31, 2019. Immediately after the closing, the Company Shares will begin trading on the New York Stock Exchange under the ticker symbol "STON".

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 321 cemeteries and 89 funeral homes in 27 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. For additional information about StoneMor Partners L.P., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.