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CCA Excludes Shareholder Resolution Requiring Company to Fully Disclose Information about REIT Conversion

Previously, PLN reported that both Corrections Corporation of America (CCA) and GEO Group, the nation’s two largest private prison companies, were converting their corporate structure into real estate investment trusts (REITs), primarily to benefit from the tax advantages that REITs provide. [See: PLN, Jan. 2013, p.42].

Among other requirements, a ...

 

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