CCA Declares $0.53 Dividend for First Quarter 2013

CCA Declares $0.53 Dividend for First Quarter 2013 
NASHVILLE, TN -- (Marketwire) -- 02/22/13 --  CCA (NYSE: CXW)
(Corrections Corporation of America) announced today that its Board
of Directors declared a dividend for the first quarter of 2013 of
$0.53 per share to be paid on April 15, 2013 to shareholders of
record as of the close of business on April 3, 2013.  
Damon Hininger, CCA President and CEO, stated, "We are pleased to be
declaring our first dividend for 2013 operating under the REIT
structure. This dividend represents an increase of 165% from our
previous quarterly dividend and reflects management's confidence in
the future of our business and our commitment to generating value for
our shareholders." 
About CCA  
CCA is the nation's largest owner of partnership correction and
detention facilities and one of the largest prison operators in the
United States, behind only the federal government and three states.
We own or control 51 facilities and currently operate 67 facilities,
with a total design capacity of approximately 92,500 beds in 20
states and the District of Columbia. CCA specializes in owning,
operating and managing prisons and other correctional facilities and
providing inmate residential services for governmental agencies. In
addition to providing the fundamental residential services relating
to inmates, our facilities offer a variety of rehabilitation and
educational programs, including basic education, religious services,
life skills and employment training and substance abuse treatment.  
Forward-Looking Statements  
This press release contains statements as to the Company's beliefs
and expectations of the outcome of future events that are
forward-looking statements as defined within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made. These include, but are not limited to, the risks and
uncertainties associated with: (i) our ability to meet and maintain
REIT qualification tests; (ii) general economic and market
conditions, including the impact governmental budgets can have on our
per diem rates, occupancy and overall utilization; (iii) the
availability of debt and eq
uity financing on terms that are favorable
to us; (iv) fluctuations in our operating results because of, among
other things, changes in occupancy levels, competition, increases in
cost of operations, fluctuations in interest rates and risks of
operations; (v) our ability to obtain and maintain correctional
facility management contracts, including as a result of sufficient
governmental appropriations and as a result of inmate disturbances;
(vi) changes in the privatization of the corrections and detention
industry, the public acceptance of our services, the timing of the
opening of and demand for new prison facilities and the commencement
of new management contracts; (vii) the outcome of California's
realignment program and utilization of out of state private
correctional capacity; and (viii) increases in costs to construct or
expand correctional facilities that exceed original estimates, or the
inability to complete such projects on schedule as a result of
various factors, many of which are beyond our control, such as
weather, labor conditions and material shortages, resulting in
increased construction costs.  
CCA takes no responsibility for updating the information contained in
this press release following the date hereof to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events or for any changes or modifications made to this
press release. 
Investors and Analysts: 
Karin Demler
(615) 263-3005 
Steve Owen 
(615) 263-3107 
Press spacebar to pause and continue. Press esc to stop.