SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

March 18, 2010 09:15 ET

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

NEW YORK, NY--(Marketwire - March 18, 2010) -  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 $0.504 per share for the quarter ending March 31, 2010. Payable on April 15, 2010 to shareholders of record as of March 31, 2010, this marks the Company's 36th 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 2010, payable on April 15, 2010 to shareholders of record as of March 31, 2010:

  • CPA®:14's cash distribution increased to $0.1996 per share, equating to an annualized yield of 8.36%.
  • CPA®:15's cash distribution increased to $0.1807 per share, equating to an annualized yield of 7.29%. 
  • CPA®:16 -- Global's cash distribution remained at $0.1656 per share, equating to an annualized yield of 6.62%.
  • CPA®:17 -- Global's daily distribution for the first quarter, as announced on December 10, 2009, is $0.0017778 per share, payable to shareholders of record as of the close of business on each day during the quarter and to be paid in aggregate on April 15, 2010. This equates to an annualized yield of 6.40% on its initial public offering price of $10.00 per share.

The Board of Directors of CPA®:17 -- Global announced that the second quarter 2010 annualized yield will remain at 6.40% on its initial public offering price of $10.00 per share. The daily distribution rate of $0.0017583 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 15, 2010.

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 approaching $10 billion. Through its CPA® series of income-generating, non-traded REITs, W. P. Carey helps 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 275 long-term corporate obligors spanning 28 industries and 15 countries. http://www.wpcarey.com

Individuals interested in receiving future updates on W. P. Carey via e-mail can register at http://www.wpcarey.com/alerts.

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.

Contact Information

  • COMPANY CONTACT:
    Kristina McMenamin
    W. P. Carey & Co. LLC
    212-492-8995
    Email Contact

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