NEW YORK, NY – March 27, 2006 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) and its affiliated Corporate Property Associates series of income generating real estate funds, the W. P. Carey Group, today announced that following the payment of its first quarter distributions on April 13, 2006, it will have paid more than $2 billion dollars in distributions since 1979.
Over this 27-year period, the W. P Carey Group has paid more than 700 distributions without a miss. To date, the W. P. Carey Group consists of more than 120,000 individual investors.
Gordon F. DuGan, President and Chief Executive Officer of W. P. Carey, said, "We have always been proud of our ability to provide our investors consistent quarterly distributions. On behalf of the entire W. P. Carey family I want to thank our investors and their advisors for their trust and support over the years. It is an honor to serve them."
The W. P. Carey Group’s first quarter distributions are payable on April 13, 2006 to shareholders of record as of March 31, 2006.
- W. P. Carey & Co. LLC’s distribution increased to $.452
- CPA®:16 – Global’s distribution increased to $0.1575 per share.
- CPA®:15’s distribution increased to $0.1614 per share.
- CPA®:14’s distribution increased to $0.1924 per share.
- CPA®:12’s distribution remained at $0.2067 per share.
W. P. CAREY & CO. LLC
Founded in 1973, W. P. Carey & Co. LLC is a leading global real estate investment firm. The Company provides asset management services to its CPA® series of income generating real estate funds. With $4.5 billion in equity capital, the W. P. Carey Group is one of the largest providers of net lease financing for corporations worldwide. The Group owns more than 675 commercial and industrial properties in 14 countries, representing over 95 million square feet, valued at more than $7.7 billion. www.wpcarey.com
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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.
