NASHVILLE, Tenn., Dec. 28 /PRNewswire/ -- Prison Realty Trust, Inc.
(NYSE: PZN) announced today that its board of directors has declared quarterly
dividends for the Company's 8.0% Series A Cumulative Preferred Stock (the
"Preferred Stock"). The board of directors declared a fourth quarter dividend
of $0.50 per share for stockholders of record of the Preferred Stock on
December 31, 1999, payable on January 15, 2000. Dividends on the Preferred
Stock are cumulative from the date of original issue and accrue each quarter
to the dividend payment dates of the fifteenth day of January, April, July and
October of each year.