Corrections Corporation of America (formerly
Prison Realty Trust, Inc.) (NYSE: CXW -
news)
announced today that it will issue approximately 1,589,112
additional shares of its Series B Cumulative Convertible
Preferred Stock on Monday, November 13, 2000, to its common
stockholders of record on Monday, November 6, 2000, in
connection with the company's election to be taxed and
qualify as a real estate investment trust, or REIT, with
respect to its 1999 taxable
year.
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