CCA Declares Quarterly Cash Dividend of $0.51 per Share

CCA Declares Quarterly Cash Dividend of $0.51 per Share 
NASHVILLE, TN -- (Marketwired) -- 08/14/14 --  CCA (NYSE: CXW) (the
"Company" or "Corrections Corporation of America"), America's largest
owner of partnership correctional and detention facilities, announced
today that its Board of Directors declared a quarterly dividend of
$0.51 per share to be paid on October 15, 2014 to shareholders of
record as of the close of business on October 2, 2014.  
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 own or control 52 correctional and detention facilities and
manage 12 additional facilities owned by our government partners,
with a total design capacity of approximately 84,500 beds in 19
states and the District of Columbia. CCA specializes in owning,
operating and managing prisons and other correctional facilities and
providing inmate residential, community re-entry and prisoner
transportation 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, faith-based services, life
skills and employment training and substance abuse treatment.  
Forward-Looking Statements  
This press release contains statements as to our 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)
general economic and market conditions, including the impact
governmental budgets can have on our per diem rates, occupancy, and
overall utilization; (ii) 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; (iii) our ability to obtain
and maintain correctional facility management contracts, including,
but not limited to, sufficient governmental appropriations, contract
compliance and as a result of inmate disturbances; (iv) 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; (v) changes in governmental policy and in
legislation and regulation of the corrections and detention industry
that affect our business, including but not limited to, California's
continued utilization of out of state private correctional capacity;
(vi) our ability to meet and maintain REIT qualification status; and
(vii) 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. Other factors that could cause operating and
financial results to differ are described in the filings we make from
time to time with the Securities and Exchange Commission.  
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  
Financial Media: 
Dave Gutierrez
Dresner Corporate Services 
(312) 780-7204 
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