Corecivic announces change in corporate structure and new capital allocation strategy

Corecivic announces change in corporate structure and new capital allocation strategy.corecivic inc - board has unanimously approved a plan to revoke its real estate investment trust (reit) election and become a taxable c corporation.corecivic inc - to discontinue company's quarterly dividend.corecivic inc - plan to evaluate sale of up to $150 million in net proceeds of lower yielding non-core real estate assets in our properties segment.corecivic inc - will continue to operate as a reit for remainder of 2020 tax year.
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