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Corrections Corporation of America Message Board

  • bdkiley2003 bdkiley2003 Mar 9, 2005 9:04 PM Flag


    I've received a statement from my broker that indicates i have sold 509 shares of cxw pfd stock. since they bought it back from me, i don't know what the original price was. does anyone have any idea for tax purposes.

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    • Thank you, g_w_b_s. You done better than good, sharing that info. mbs could use more of your kind.

    • bd,

      Heard back from CCA.

      Here's what they said:

      Please refer to the information for each and multiply the number of shares you received for each issuance and add that up for your total cost basis (cost basis/tax basis on the attached are the same). The amount reported on the 1099-B is the proceeds from the redemption the difference between those two amounts are your capital gains.

      I also received 4 attachments, which I'll post here, but can email also to you if you want. Email me at and include CXW Docs in the subject.

      • 1 Reply to guywithbaldspot
      • Attachment #1:

        Series B Cost Basis:

        Original Distribution in September 2000 � 5% distribution, for every 100 shares of PZN common stock held on the record date, the shareholder received 5 shares of Series B Preferred. Cost basis: $18.00 per share

        Final Distribution in November 2000 � 1% distribution, for every 100 shares of PZN common stock held on the record date, the shareholder received 1 share of Series B Preferred. Cost basis: $12.81 per share

        Cost basis for dividends, please see other attachments.

    • I'm looking for this info also. I know I received some shares at the end of Sept., 2000 and the stated value of those shares was $19.00/share. I periodically received additional CXWB shares, but haven't been able to find a stated value for them.

      Also searched online for info of shares of CXWB, but I guess since those shares have all been called, the stock no longer exists as the symbol comes up as invalid.

      I emailed CXW investor relations yesterday and asked if they had a chart online, but haven't heard back yet.

      If anyone has any info of the value of CXWB shares (site w/historical price chart, stated value for a specific month and year, etc.) please post it here.


      P.S. I'll post what I hear from investor relations (if I do hear back).

    • As the General recalls, the preferred stock's basis may depend on when you received whatever amount of those 509 Series B preferred shares. That info should be contained in archived press releases on the company's web site. Or you might contact IR (Karin Demler) for help in obtaining that info.

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