The merger of W. P. Carey Inc. (NYSE: WPC) and Corporate Property Associates 16 – Global Incorporated ("CPA®:16 – Global"), closed on January 31, 2014. W. P. Carey issued approximately 30.7 million shares to CPA®:16 – Global stockholders, with an exchange rate of 0.1830 shares of W. P. Carey common stock for each CPA®:16 – Global share held at closing. Read more...
In the merger, CPA®:16 – Global stockholders received merger consideration of $11.25 per share in the form of W. P. Carey common stock. The merger consideration represents a 29% premium to CPA®:16 – Global’s estimated net asset value of $8.70 per share as of December 31, 2012. The exchange ratio was determined by dividing $11.25 by the volume-weighted average trading price (“VWAP”) for W. P. Carey’s common stock for the five consecutive trading days ending on the third trading day preceding the closing.
Based on the closing date of January 31, 2014, the VWAP was determined to be $61.48. Therefore, stockholders received 0.1830 shares of W. P. Carey common stock in exchange for each share of CPA®:16 – Global common stock owned.
|Tax Basis Information and FAQs:
CPA®:16 – Global Stockholders can access the following document for additional questions and answers regarding the Merger, as well as Tax Basis and Capital Gain Analysis: VIEW
This information is for illustrative purposes only. Each stockholder should contact his or her tax advisor for advice about the holder's particular tax consequences. This calculator should only be used to estimate the total tax basis per investment for CPA®:16 – Global shares upon the Merger of CPA®:16 – Global and W. P. Carey Inc. and should not be used to estimate the tax basis per share or to estimate tax basis for shares of CPA®:16 – Global received in exchange for CPA®:14 shares in the merger in 2011 or for accounts with partial redemptions.
Please view the SEC Filings section of our website for the most current information about the Company
December 31, 2013
January 15, 2014
For complete distribution history, click here
Form 8937 – 2013 Distributions