NEW YORK, NY, March 21, 2007 – The Boards of Directors of Corporate Property Associates 16 – Global Incorporated (CPA®:16 - Global), Corporate Property Associates 15 Incorporated (CPA®:15) and Corporate Property Associates 14 Incorporated (CPA®:14) announced today the cash distributions for each company for the first quarter of 2007, payable on April 16, 2007.
-
CPA®:16 – Global’s cash distribution increased to $0.1617 per share to shareholders of record as of March 31, 2007.
-
CPA®:15’s distribution increased to $0.1654 per share to shareholders of record as of March 31, 2007.
-
CPA®:14’s cash distribution increased to $0.1934 per share to shareholders of record as of March 31, 2007.
CPA®:16 - Global, CPA®:15 and CPA®:14 are members of the W. P. Carey Group, which is one of the largest providers of net lease financing for corporations worldwide. The Group owns approximately 800 commercial and industrial properties in 13 countries, representing approximately 97 million square feet, valued at approximately $8.8 billion.
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 commercial 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.
