Correctional Properties Trust Declares Quarterly Dividend

Correctional Properties Trust Declares Quarterly Dividend 


PALM BEACH GARDENS, Fla., May 4  /PRNewswire-FirstCall/ -- Correctional
Properties Trust (NYSE:CPV), a real estate investment trust, today announced
that its Board of Trustees declared a quarterly dividend of $0.45 (forty-five
cents) per share for the quarter ended March 31, 2005, on each common share of
beneficial interest, payable June 1, 2005, to shareholders of record at the
close of business on May 16, 2005.

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.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 regarding future events
and future performance of the Company that involve risks and uncertainties that
could materially affect actual results. Such forward- looking statements are
made pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and are qualified in their entirety by cautionary
statements and risk factors disclosure contained in certain of the Company's
Securities and Exchange Commission filings.  For a description of certain
factors that could cause actual results to vary from current expectations and
forward-looking statements contained in this press release, refer to documents
that the Company files from time to time with the Securities and Exchange
Commission.  Such filings include the Company's Form 10-K for the fiscal year
ended December 31, 2004, and subsequent periodic reports. The Company assumes
no obligation to update or supplement forward- looking statements that become
untrue because of subsequent events.

Contact:  Correctional Properties Trust Shareholder Services [phone], or
access Company information at http://www.correctionalpropertiestrust.com/ 

DATASOURCE: Correctional Properties Trust



CONTACT:  Correctional Properties Trust Shareholder Services,

[phone]



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

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