The GEO Group, Inc. (NYSE: GEO) ("GEO") announced today the tax treatment of its 2020 dividend distributions.
The following table summarizes, for income tax purposes, the nature of distributions paid to shareholders, presented on a per share basis, during the calendar year ended December 31, 2020. Shareholders are encouraged to consult with their own tax advisors as to their specific tax treatment of GEO distributions.
Common Stock
(CUSIP # 36162J106)
| Ordinary Dividends | Capital Gains | |||||||||||||||||||||
| CUSIP | Record Date | Payment Date | Total Dividends | Total | Qualified (1) | Non-Qualified | Total | Unrecaptured Section 1250 | Long Term | Nondividend Distributions (2) | ||||||||||||
| 36162J106 | 2/14/2020 | 2/21/2020 | $0.4800000 | $0.2655802 | $ | - | $0.2655802 | $ | - | $ | - | $ | - | $0.2144198 | ||||||||
| 36162J106 | 4/17/2020 | 4/24/2020 | $0.4800000 | $0.2655802 | $ | - | $0.2655802 | $ | - | $ | - | $ | - | $0.2144198 | ||||||||
| 36162J106 | 7/17/2020 | 7/24/2020 | $0.4800000 | $0.2655802 | $ | - | $0.2655802 | $ | - | $ | - | $ | - | $0.2144198 | ||||||||
| 36162J106 | 10/16/2020 | 10/23/2020 | $0.3400000 | $0.1881193 | $ | - | $0.1881193 | $ | - | $ | - | $ | - | $0.1518807 | ||||||||
| Totals | $1.7800000 | $0.9848599 | $ | 0.0000000 | $0.9848599 | $ | - | $ | - | $ | - | $0.7951401 | ||||||||||
| Percentage | 100 | % | 55.32921 | % | 0.00000 | % | 100.00000 | % | 0.00000 | % | 0.00000 | % | 0.00000 | % | 44.67079 | % | ||||||
| (1) For 2020, there are no Qualified Dividends. Qualified Dividends represent the portion of Total Ordinary Dividends which constitutes a "Qualified Dividend", as defined by the Internal Revenue Service. | ||||||||||||||||||||||
| (2) The amount constitutes a "Return of Capital", as defined by the Internal Revenue Service. | ||||||||||||||||||||||
About The GEO Group
The GEO Group (NYSE: GEO) is a fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs. GEO’s worldwide operations include the ownership and/or management of 123 facilities totaling approximately 93,000 beds, including projects under development, with a workforce of approximately 23,000 professionals.
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Contacts:
Executive Vice President, Corporate Relations
