Corecivic announces change in corporate structure and new capital allocation strategy

Brentwood, tenn., aug. 05, 2020 (globe newswire) -- corecivic, inc. (nyse:  cxw) (the company) announced today that its board of directors has unanimously approved a plan to revoke its real estate investment trust (reit) election and become a taxable c corporation, effective january 1, 2021.  the decision is the result of an evaluation of corporate structure and capital allocation alternatives announced on june 17, 2020.
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