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W. P. Carey & Co. LLC: W. P. Carey and the CPA(R) Programs Announce Quarterly Distributions

^{Published on 2009-12-10 06:37:01 - Market Wire}
 

NEW YORK, NY--(Marketwire - December 10, 2009) - 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 $0.502 per share for the quarter ending December 31, 2009, marking the Company's 35th consecutive distribution increase. In addition, the Company announced that the Board declared a special distribution of $0.30 per share. Both distributions are payable on January 15, 2010 to shareholders of record as of December 31, 2009.

Commenting on the special distribution, President and CEO Gordon F. DuGan stated, "During the year, we took steps towards developing a more efficient long-term tax structure. Since these steps resulted in increased taxable income to our shareholders in 2009, we feel that a special distribution is appropriate in this instance."

The Boards of Directors of W. P. Carey's CPA® REIT investment programs announced the following cash distributions for the fourth quarter of 2009, payable on January 15, 2010 to shareholders of record as of December 31, 2009:

 -- CPA®:14's cash distribution increased to $0.1991 per share, equating to an annualized yield of 8.34%. -- CPA®:15's cash distribution increased to $0.1804 per share, equating to an annualized yield of 7.27%. -- 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 fourth quarter, as announced on September 17, 2009, 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 January 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 first 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 $0.0017778 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 15, 2010.

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC 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 approaching $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, 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 300 long-term corporate obligors spanning 28 industries and 15 countries. [ http://www.wpcarey.com ]

Individuals interested in receiving future updates on W. P. Carey via e-mail can register at [ http://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.