NEW YORK, NY – June 19, 2007 – The Board of Directors of Corporate Property Associates 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 second quarter of 2007, payable on July 16, 2007 to shareholders of record as of June 29, 2007.
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CPA®:16 – Global’s cash distribution increased to $0.1622 per share.
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CPA®:15’s cash distribution increased to $0.1664 per share.
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CPA®:14’s cash distribution increased to $0.1939 per share.
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 more than 800 commercial and industrial properties in 14 countries, representing approximately 100 million square feet, valued at approximately $9.2 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.
W. P. Carey & Co. LLC
50 Rockefeller Plaza
New York, NY 10020
www.wpcarey.com
