SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

December 08, 2011 08:00 ET

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

NEW YORK, NY--(Marketwire - Dec 8, 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 $0.563 per share for the quarter ending December 31, 2011. Payable on January 13, 2012 to shareholders of record as of December 31, 2011, this marks the Company's 43rd consecutive distribution increase.

The Boards of Directors of W. P. Carey's CPA® REIT investment programs announced the following cash distributions for the fourth quarter of 2011, payable on January 13, 2012 to shareholders of record as of December 31, 2011:

  • 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 $0.1668 per share, equating to an annualized yield of 6.67%.

The daily distributions for the fourth quarter for CPA®:17 - Global, as announced on September 16, 2011, are payable to shareholders of record on each calendar day during the quarter and are to be paid in aggregate on January 13, 2012:

  • 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 First Quarter 2012
The Board of Directors of CPA®:17 - Global announced that the first 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 $0.0017857 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 April 16, 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 $11.8 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, comprising contractual agreements 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.

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