TORONTO, ONTARIO--(Marketwire - Jan. 4, 2011) - Park Lawn Corporation ("Park Lawn") (TSX VENTURE:PLC) and Park Lawn Income Trust (the "Fund") announces the closing of the previously announced plan of arrangement resulting in the conversion of the Fund from an income trust to a corporation. Pursuant to the Plan of Arrangement, holders of trust units of the Fund received one common share of Park Lawn for each trust unit held.