SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

September 16, 2011 08:00 ET

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

WPC Distribution Increases to an Annual Rate of $2.24 Per Share

NEW YORK, NY--(Marketwire - Sep 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 $0.56 per share for the quarter ending September 30, 2011. Payable on October 15, 2011 to shareholders of record as of September 30, 2011, this marks the Company's 42nd consecutive distribution increase.

The Boards of Directors of W. P. Carey's CPA® series of investment programs announced the following cash distributions for the third quarter of 2011, payable on October 14, 2011 to shareholders of record as of September 30, 2011:

  • CPA®:15's cash distribution increased to $0.1823 per share, equating to an annualized yield of 7.35%.
  • CPA®:16 - Global's cash distribution increased to $0.1662 per share, equating to an annualized yield of 6.65%.

The daily distributions for the third quarter for CPA®:17 - Global, as announced on June 16, 2011, are payable to shareholders of record on each calendar day during the quarter and are to be paid in aggregate on October 14, 2011:

  • 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 Fourth Quarter 2011
The Board of Directors of CPA®:17 - Global announced that the fourth 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 on each calendar day during the quarter and will be paid in aggregate on or about January 15, 2012.

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 $11.5 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