CCA Declares Regular Quarterly Dividend

CCA Declares Regular Quarterly Dividend 
NASHVILLE, TN -- (Marketwired) -- 08/16/13 --   CCA (NYSE: CXW)
(Corrections Corporation of America) announced today that its Board
of Directors declared a regular quarterly dividend of $0.48 per share
($1.92 annually) to be paid on October 15, 2013 to shareholders of
record as of the close of business on October 2, 2013.  
About CCA 
 CCA, a publicly traded real estate investment trust
(REIT), 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 currently operate 68 facilities, including 53 facilities that we
own or control, with a total design capacity of approximately 92,000
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 and community reentry
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 equity 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) changes in government policy and
in legislation and regulation of the corrections and detention
industry, which may adversely affect our business, including the
impact of the Budget Control Act of 2011 on federal corrections
budgets, California's utilization of out of state private
correctional capacity, and the impact of any changes to immigration
reform laws; 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.