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Corrections Corporation of America Message Board

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  • newMK newMK Mar 4, 1999 7:50 PM Flag

    A quarterly dividend declaration is comi

    I don't recall hearing anything or reading
    anything about TransCor. Prisoner transportation revenue
    doesn't qualify as REIT income, so the TransCor operation
    must have gone to the OPCO. I don't know if such
    operations have been profitable or not, but they probably
    were, to some extent. A quick look at the 1997 annual
    report reveals that total revenue from TranCor couldn't
    have been more than $12.6 million in 1997.

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