The geo group suspends quarterly dividend to maximize repayment of debt while it evaluates corporate structure

Boca raton, fla.--(business wire)--the geo group, inc. (nyse: geo) (“geo”) announced today that its board of directors (the “board”) has immediately suspended geo's quarterly dividend payments with the goal of maximizing the use of cash flows to repay debt, deleverage, and internally fund growth. geo currently intends to maintain its corporate tax structure as a real estate investment trust (“reit”), but the board has determined to undertake an evaluation of geo's structure as a reit. the board
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