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Stock Market & Financial Investment News

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February 7, 2013
17:32 EDTCXWCCA authorizes the company to elect to qualify as REIT
CCA, America's leader in partnership corrections, announced that its Board of Directors has unanimously authorized the Company to elect to qualify as a Real Estate Investment Trust, or REIT for the taxable year commencing January 1. This decision follows the receipt of a favorable Private Letter Ruling, or PLR, from the IRS, and completion of the internal reorganization previously announced. CCA has also received an opinion from Latham & Watkins LLP, which advised CCA on its REIT conversion that CCA qualifies as a REIT.
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