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W. P. Carey and the CPA(R) Programs Announce Quarterly Distributions

Mar 19, 2012

W. P. Carey and the CPA® Programs Announce Quarterly Distributions

NEW YORK, NY -- March 19, 2012 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that its Board of Directors has increased the Company's quarterly cash distribution to $0.565 per share for the quarter ending March 31, 2012. Payable on April 16, 2012 to shareholders of record as of March 30, 2012, this marks the Company's 44th consecutive distribution increase.

The Boards of Directors of W. P. Carey's CPA® REIT investment programs announced the following cash distributions for the first quarter of 2012, payable on April 16, 2012 to shareholders of record as of March 30, 2012:

  • CPA®:15's cash distribution remained at $0.1823 per share, equating to an annualized yield of 7.35%.

  • CPA®:16 - Global's cash distribution increased to $0.1670 per share, equating to an annualized yield of 6.68%.

The daily distributions for the first quarter for CPA®:17 - Global, as announced on December 8, 2011, are payable to shareholders of record on each calendar day during the quarter and are to be paid in aggregate on April 16, 2012:

  • CPA®:17 - Global's daily distribution is $0.0017663 per share, which equates to an annualized yield of 6.5% on its initial public offering price of $10.00 per share.

CPA®:17 - Global Distribution Announced for Second Quarter 2012
The Board of Directors of CPA®:17 - Global announced that the second quarter 2012 annualized yield will remain at 6.5% on its initial public offering price of $10.00 per share. The daily distribution rate of $0.0017857 per share is payable to shareholders of record as of the close of business on each day during the quarter and will be paid in aggregate on or about July 16, 2012.

W. P. Carey & Co. LLC
W. P. Carey & Co. LLC (NYSE: WPC) is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio of approximately $12 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of non-traded REITs help companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group's investments are highly diversified, comprising contractual agreements with approximately 284 long term corporate tenants spanning 28 industries and 18 countries.http://www.wpcarey.com

This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.

COMPANY CONTACT:
Cheryl Sanclemente
W. P. Carey & Co. LLC
212-492-8995
Email Contact

PRESS CONTACT:
Guy Lawrence
Ross & Lawrence
212-308-3333
Email Contact

 

Source: W. P. Carey & Co. LLC

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