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TheStreet Open House

The GEO Group Authorizes Special Dividend Of $350 Million, Takes Critical Steps Toward 2013 REIT Conversion

Stocks in this article: GEO

Safe-Harbor Statement

This press release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially affect actual results, including statements regarding the steps GEO is taking to position itself to operate in compliance with the REIT rules effective January 1, 2013, the payment of a special dividend by December 31, 2012, the completion of an internal corporate restructuring, the consummation of the GEO Care Divestiture, and GEO’s financial guidance for 2013. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to: (1) GEO's ability to successfully complete its conversion to a real estate investment trust effective January 1, 2013; (2) GEO’s ability to obtain a favorable private letter ruling from the IRS; (3) GEO’s ability to consummate the GEO Care Divestiture by December 31, 2012; (4) GEO’s ability to pay the special dividend by December 31, 2012; (5) GEO's ability to meet its financial guidance given the various risks to which its business is exposed; (6) GEO's ability to declare future cash dividends; (7) GEO's ability to successfully pursue further growth and continue to create shareholder value; (8) risks associated with GEO's ability to control operating costs associated with contract start-ups; (9) GEO's ability to timely open facilities as planned, profitably manage such facilities and successfully integrate such facilities into GEO's operations without substantial costs; (10) GEO's ability to win management contracts for which it has submitted proposals and to retain existing management contracts; (11) GEO's ability to obtain future financing on acceptable terms; (12) GEO's ability to sustain company-wide occupancy rates at its facilities; (13) GEO's ability to access the capital markets in the future on satisfactory terms or at all; and (14) other factors contained in GEO's Securities and Exchange Commission filings, including the Form 10-K, 10-Q and 8-K reports.



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