SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

September 17, 2010 08:00 ET

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

NEW YORK, NY--(Marketwire - September 17, 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 $0.508 per share for the quarter ending September 30, 2010. Payable on October 15, 2010 to shareholders of record as of September 30, 2010, this marks the Company's 38th consecutive distribution increase.

The Boards of Directors of W. P. Carey's CPA® REIT investment programs announced the following cash distributions for the third quarter of 2010, payable on October 15, 2010 to shareholders of record as of September 30, 2010:

  • CPA®:14's cash distribution remained at $0.2001 per share, equating to an annualized yield of 8.38%.
  • CPA®:15's cash distribution increased to $0.1813 per share, equating to an annualized yield of 7.31%. 
  • 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 third quarter, as announced on June 10, 2010, is $0.00173913 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 October 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 fourth 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 $0.00173913 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 January 15, 2011.

W. P. Carey & Co. LLC
W. P. Carey & Co. LLC (NYSE: WPC) is an investment management company that provides long term financing to companies worldwide via sale leaseback and build to suit transactions and manages a global investment portfolio of approximately $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 16 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.

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