SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

June 16, 2011 16:15 ET

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

WPC Distribution Increases to an Annual Rate of $2.20 per Share

NEW YORK, NY--(Marketwire - Jun 16, 2011) - 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 $0.55 per share for the quarter ending June 30, 2011. Payable on July 15, 2011 to shareholders of record as of June 30, 2011, this marks the Company's 41st consecutive distribution increase and a 7% increase over the prior quarter.

W. P. Carey Chairman Wm. Polk Carey commented, "Our consistent risk management-driven investment strategy has enabled us to provide steady income to our shareholders over several decades. We manage W. P. Carey today just as we have from the start, on the principle of Investing for the Long Run, and we are pleased to share the continuing success of that approach with our shareholders. Today our Board of Directors determined that our distributions should again be increased this quarter -- our largest quarterly increase to date -- which reflects the strong cash flow being generated by our businesses."

The Board of Directors of CPA® :15 also announced that its cash distribution increased to $0.1821 per share, equating to an annualized yield of 7.34%. This distribution is payable on July 15, 2011 to shareholders of record as of June 30, 2011.

The daily distributions for the second quarter for CPA®:16 - Global and CPA®:17 - Global, as announced on March 21, 2011, are payable to shareholders of record as of the close of business on each day during the quarter and are to be paid in aggregate on July 15, 2011:

  • CPA®:16 - Global's daily distribution is $0.0018198 per share, which equates to an annualized yield of 6.62%.
  • 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 2011
The Board of Directors of CPA®:17 - Global announced that the third quarter 2011 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 day during the quarter and will be paid in aggregate on or about October 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 $11 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 280 long-term corporate obligors spanning 28 industries and 17 countries. http://www.wpcarey.com

Individuals interested in receiving future updates on W. P. Carey via e-mail can register at 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:
    Cheryl Perry
    W. P. Carey & Co. LLC
    212-492-8995
    Email Contact

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