SOURCE: W. P. Carey & Co. LLC

June 08, 2005 12:36 ET

W. P. Carey & Co. LLC Increases Second Quarter Dividend

Represents Seventeenth Consecutive Quarterly Increase

NEW YORK, NY -- (MARKET WIRE) -- June 8, 2005 -- Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that its Board of Directors has increased the quarterly cash dividend to $.446 per common share for the quarter ending June 30, 2005. The dividend is payable on July 15, 2005 to shareholders of record as of June 30, 2005. The Company has increased dividends every year since it became public.

Founded in 1973, W. P. Carey & Co. LLC is a global investment firm concerned with assisting corporations with various forms of long-term financing. The Company also provides asset management services to the Corporate Property Associates (CPA®) series of income generating real estate funds. With $3.5 billion in equity capital, the W. P. Carey Group is one of the leading providers of net lease financing for corporate properties worldwide. The Group owns more than 650 commercial and industrial properties worldwide, representing over 90 million square feet, valued at more than $7 billion.

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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.

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