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Correctional Properties Trust Announces Tax Treatment of 2004
Dividends
PALM BEACH GARDENS, Fla., Jan. 18 /PRNewswire-FirstCall/ -- Correctional
Properties Trust (NYSE:CPV), a real estate investment trust (REIT), today
announced the tax reporting information (2004 Federal Form 1099) for its 2004
dividends on its common shares (CUSIP 22025E104). Shareholders are encouraged
to consult with their personal tax advisors as to their specific tax treatment
of Correctional Properties Trust dividends.
Total Taxable Total Unrecap
Record Payable Distribution Ordinary Capital Gain Sec. 1250
Date Date Per Share Dividends(1) Distribution Gain(2)
02/17/2004 03/02/2004 $0.450000 $0.283500 $0.166500 $0.068850
05/14/2004 06/01/2004 $0.450000 $0.283500 $0.166500 $0.068850
08/20/2004 09/02/2004 $0.450000 $0.283500 $0.166500 $0.068850
11/17/2004 12/02/2004 $0.450000 $0.283500 $0.166500 $0.068850
12/30/2004 01/11/2005 $0.180000 $0.113400 $0.066600 $0.027540
$1.980000 $1.247400 $0.732600 $0.302940
100% 63.00% 37.00%
(1) No portion of the taxable ordinary dividends are Qualified Dividends.
(2) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total
Capital Gain Distribution amount.
No portion of the 2004 dividend was a nontaxable distribution (Return of
Capital).
Correctional Properties Trust, based in Palm Beach Gardens, Florida, was formed
in February 1998, to capitalize on the growing trend toward privatization in
the corrections industry. Correctional Properties Trust is dedicated to
ownership of correctional facilities under long-term, triple-net leases, which
minimizes occupancy risk and development risk.
Correctional Properties Trust currently owns 12 correctional facilities in nine
states, all of which are leased, with an aggregate initial design capacity of
6,856 beds.
CONTACT: Correctional Properties Trust Shareholder Services (561) 630-6336, or
access Company information at http://www.correctionalpropertiestrust.com/
DATASOURCE: Correctional Properties Trust
CONTACT: Correctional Properties Trust Shareholder Services,
+1-561-630-6336
Web site: http://www.correctionalpropertiestrust.com/