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Corrections Corporation of America Message Board

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  • ALarriva ALarriva May 18, 1999 9:18 PM Flag

    A simple and elegant solution

    You need to pay the Dividend to maintain your tax
    status.

    You need to pay a certain amount -- there is no
    interest on it.
    You can (I beleive) pay it in 2000
    (somewhere early) so long as you declare it payable to
    stockholders for 1999. Since the company gets to earn interest
    on it and really doesn't want to pay it out, they
    have every reason to hold onto it for as long as
    possible just like you would if you had to pay a
    bill.

    I expect them to wait quite a long time, but I do
    expect them to pay it in 1999 -- they have the open
    credit on their current Lehman line.

    --Alfonso

 
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