CentraCore Properties Trust Announces Tax Treatment of 2005 Dividends
January 20 2006 - 3:45PM
PR Newswire (US)
PALM BEACH GARDENS, Fla., Jan. 20 /PRNewswire-FirstCall/ --
CentraCore Properties Trust (NYSE:CPV), formerly Correctional
Properties Trust, a real estate investment trust (REIT), today
announced the tax reporting information (2005 Federal Form 1099)
for its 2005 dividends on its common shares. Shareholders are
encouraged to consult with their personal tax advisors as to their
specific tax treatment of CentraCore Properties Trust dividends.
Nontaxable Total Taxable Distribution Record Payable Distribution
Ordinary (Return of Date Date Per Share Dividends(1) Capital)
03/18/2005 03/30/2005 $0.450000 $0.435150 $0.014850 05/16/2005
06/01/2005 $0.450000 $0.435150 $0.014850 08/19/2005 09/02/2005
$0.450000 $0.435150 $0.014850 11/18/2005 12/02/2005 $0.450000
$0.435150 $0.014850 $1.800000 $1.740600 $0.059400 100% 96.70% 3.30%
(1) No portion of the taxable ordinary dividends are Qualified
Dividends. Effective on the close of business on December 20, 2005,
Correctional Properties Trust changed its name to CentraCore
Properties Trust. The Company's common stock continues to trade
under the ticker symbol "CPV", but using the new CUSIP number
15235H107. All of the 2005 dividends were paid prior to the name
change, and as a result, were paid using the Company's old CUSIP
number 22025E104. CentraCore Properties Trust ("CPT"), based in
Palm Beach Gardens, Fla., was formed in February 1998 to capitalize
on the growing trend toward privatization in the corrections
industry. CPT has expanded its scope to include essential real
estate projects outside the corrections sector, including mental
health and higher education facilities. CPT is dedicated to
ownership of properties under long-term, triple-net leases, which
minimizes occupancy risk and development risk. CPT currently owns
13 correctional facilities in nine states, all of which are leased,
with an aggregate completed design capacity of 7,556 beds. CONTACT:
CentraCore Properties Trust Shareholder Services (561) 630-6336, or
access Company information at
http://www.centracorepropertiestrust.com/ DATASOURCE: CentraCore
Properties Trust CONTACT: CentraCore Properties Trust Shareholder
Services, +1-561-630-6336 Web site:
http://www.centracorepropertiestrust.com/
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