GEO Group To Terminate REIT Election And Become Taxable C Corp.; Slashes Q4, FY21 Outlook

(RTTNews) - GEO Group (GEO) announced Thursday that its Board of Directors has unanimously approved a plan to terminate its Real Estate Investment Trust election and become a taxable C corporation, effective for the fiscal year ending December 31, 2021. The decision stems from the Board's evaluation of GEO's corporate tax structure and REIT...