Corrections Corporation of America (CCA) is to be added as a constituent of the MSCI US Reit Index (RMZ) as of the close of business on 28 February 2013. The MSCI US Reit Index represents approximately 85 per cent of the US Reit universe.
Damon Hininger, CCA's president and chief executive, says: "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 28 February 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."