The geo group announces change in corporate structure

Boca raton, fla.--(business wire)--the geo group (nyse: geo) (“geo”) announced today that its board of directors (the “board”) has unanimously approved a plan to terminate its real estate investment trust (“reit”) election and become a taxable c corporation, effective for the fiscal year ending december 31, 2021. the decision stems from the board's evaluation of geo's corporate tax structure and reit status, which was announced on april 7, 2021. the board also voted unanimously to discontinue g
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