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

Marks WPC's 45th Consecutive Dividend Increase

Jun 22, 2012

NEW YORK, NY -- (Marketwire) -- 06/22/12 -- 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 $ 0.567 per share for the quarter ending June 30, 2012. Payable on July 16, 2012 to shareholders of record as of July 2, 2012, this marks the Company's 45th consecutive distribution increase.

The Boards of Directors of W. P. Carey's CPA® REIT investment programs announced the following cash distributions for the second quarter of 2012, payable on July 16, 2012 to shareholders of record as of July 2, 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 $0.1672 per share, equating to an annualized yield of 6.69%.

The daily distributions for the second quarter for CPA®:17 - Global, as announced on March 19, 2012, are payable to shareholders of record on each calendar day during the quarter and are to be paid in aggregate on July 16, 2012:

  • CPA®:17 - Global's daily distribution is $0.0017857 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 Third Quarter 2012
The Board of Directors of CPA®:17 - Global announced that the third 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 $0.0017663 per share is payable to shareholders of record as of the close of business on each calendar day during the quarter and will be paid in aggregate on or about October 15, 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 $12.5 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, 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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