The GEO Group Receives Favorable Private Letter Ruling from IRS, Elects REIT Status; Declares First Qtr. REIT Dividend of $0.50/Share

The GEO Group, Inc. (NYSE: GEO ) ("GEO") today announced that it has received a favorable private letter ruling from the Internal Revenue Service in connection with GEO's previously announced conversion to a real estate investment trust (“REIT”). GEO also has received an opinion from Skadden, Arps, Slate, Meagher & Flom, LLP, which