NEW YORK, NY, September 20, 2005 -- The Boards of Directors of Corporate Property Associates 16 – Global Incorporated (CPA®:16 - Global), Corporate Property Associates 15 Incorporated (CPA®:15), Corporate Property Associates 14 Incorporated (CPA®:14) and Corporate Property Associates 12 Incorporated (CPA®:12) announced today the distributions for each company for the quarter ending September 30, 2005. The distributions are payable on October 15, 2005 to shareholders of record as of September 30, 2005.
CPA®:16 - Global, CPA®:15, CPA®:14 and CPA®:12 are members of the $7.4 billion W. P. Carey Group of companies managed by W. P. Carey & Co. LLC. The Group invests in single-tenant corporate properties through the net lease or sale-leaseback financing structure.
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CPA®:16 – Global’s distribution increased to $0.1500 per share.
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CPA®:15’s distribution increased to $0.1599 per share.
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CPA®:14’s distribution increased to $0.1914 per share.
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CPA®:12’s distribution remained at $0.2067 per share.
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.
