CentraCore Properties Trust Announces Tax Treatment of 2006 Dividends

PALM BEACH GARDENS, Fla., Jan. 19  /PRNewswire-FirstCall/ -- CentraCore Properties Trust (NYSE:CPV), a real estate investment trust (REIT), today announced the tax reporting information (2006 Federal Form 1099) for its 2006 dividends on its common shares (CUSIP 15235H107).  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)


  02/16/2006      03/02/2006  $ 0.460000      $ 0.397440        $ 0.062560

  05/19/2006      06/02/2006  $ 0.460000      $ 0.397440        $ 0.062560

  08/18/2006      09/06/2006  $ 0.460000      $ 0.397440        $ 0.062560

  11/17/2006      12/05/2006  $ 0.460000      $ 0.397440        $ 0.062560

                              $ 1.840000      $ 1.589760        $ 0.250240

                                  100%            86.40%            13.60%

   (1) No portion of the taxable ordinary dividends are Qualified Dividends.



CentraCore Properties Trust, 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 purpose government 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 8,671 beds.

CONTACT: CentraCore Properties Trust Shareholder Services [phone], or access Company information at http://www.centracorepropertiestrust.com/ 

DATASOURCE: CentraCore Properties Trust



CONTACT:  CentraCore Properties Trust Shareholder Services,

[phone]



Web site:  http://www.centracorepropertiestrust.com/

Copyright