CCA to Be Added to the MSCI US REIT Index (RMZ) as of the Close of February 28, 2013

Thu Feb 14, 2013 4:57pm EST

* Reuters is not responsible for the content in this press release.

  NASHVILLE, TN, Feb 14 (Marketwire) -- 
CCA (NYSE: CXW) (the "Company" or "Corrections Corporation of America"),
announced it has learned today that it will be added as a constituent of
the MSCI US REIT Index (RMZ) as of the close of February 28, 2013. The
MSCI US REIT Index represents approximately 85% of the US REIT universe. 

    Damon Hininger, CCA's President and CEO, stated, "We are very pleased
that CCA will be included as one of 119 companies comprising the MSCI US
REIT Index as of the close of February 28, 2013. We believe the inclusion
in the MSCI US REIT Index further demonstrates that by converting to a
REIT we open the Company to a potential larger pool of investors."

    About CCA

    CCA is the nation's largest owner of partnership correction and detention
facilities and one of the largest prison operators in the United States,
behind only the federal government and three states. We currently operate
67 facilities, including 47 company-owned facilities, with a total design
capacity of approximately 92,000 beds in 20 states and the District of
Columbia. CCA specializes in owning, operating and managing prisons and
other correctional facilities and providing inmate residential services
for governmental agencies. In addition to providing the fundamental
residential services relating to inmates, our facilities offer a variety
of rehabilitation and educational programs, including basic education,
religious services, life skills and employment training and substance
abuse treatment. 

    Forward-Looking Statements 

    This press release contains statements as to the Company's beliefs and
expectations of the outcome of future events that are forward-looking
statements as defined within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from the statements made. These include, but are not
limited to, the risks and uncertainties associated with: (i) our ability
to meet and maintain REIT qualification tests; (ii) general economic and
market conditions, including the impact governmental budgets can have on
our per diem rates, occupancy and overall utilization; (iii) fluctuations
in our operating results because of, among other things, changes in
occupancy levels, competition, increases in cost of operations,
fluctuations in interest rates and risks of operations; (iv) our ability
to obtain and maintain correctional facility management contracts,
including as a result of sufficient governmental appropriations and as a
result of inmate disturbances; (v) changes in the privatization of the
corrections and detention industry, the public acceptance of our
services, the timing of the opening of and demand for new prison
facilities and the commencement of new management contracts; (vi) the
outcome of California's realignment program and utilization of out of
state private correctional capacity; (vii) the availability of debt and
equity financing on terms that are favorable to us and (viii) increases
in costs to construct or expand correctional facilities that exceed
original estimates, or the inability to complete such projects on
schedule as a result of various factors, many of which are beyond our
control, such as weather, labor conditions and material shortages,
resulting in increased construction costs. 

    CCA takes no responsibility for updating the information contained in
this press release following the date hereof to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events or for any changes or modifications made to this
press release or the information contained herein by any third-parties,
including, but not limited to, any wire or internet services. 

    

Contact: 

Investors and Analysts: 
Karin Demler
CCA 
(615) 263-3005

Media: 
Steven Owen
CCA 
(615) 263-3107 

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