NEW YORK, NY, September 14, 2004 – The Boards of Directors of Corporate Property Associates 16 – Global (CPA®:16 - Global), CPA®:15, CPA®:14 and CPA®:12 announced today the dividends for each company for the quarter ending September 30, 2004. The dividends are payable on October 15, 2004 to shareholders of record as of September 30, 2004.
CPA®:16 - Global, CPA®:15, CPA®:14 and CPA®:12 are members of the $7 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 dividend increased to $0.001255 per share per day that an investor was a shareholder of record.
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CPA®:15’s dividend increased to $.001717 per share per day that an investor was a shareholder of record.
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CPA®:14’s dividend increased to $.1899 per share.
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CPA®:12’s dividend remained at $.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.
