The board of Corrections Corp. of America (CXW) authorizes conversion to a REIT, and plans to...

|About: Corrections Corporation of ... (CXW)|By:, SA News Editor

The board of Corrections Corp. of America (CXW) authorizes conversion to a REIT, and plans to declare a special one-time dividend to distribute earnings and profits accumulated prior to REIT election. CXW raises 2013 financial guidance in connection with the conversion. Shares +1.2% AH.