DISTRIBUTION YIELDS
Below is the distribution information for CPA®:15. The distribution yields are based upon a $10 per share purchase price.

CPA®:15's NAV as of December 31, 2007 is $12.20 per share. NAVs for the CPA® REITs are based on appraisals conducted by an independent third party.  For further information regarding the calculation of NAVs, please review the Complete Form 8-K issued on March 4, 2008.

RECORD DATE DISTRIBUTION (per share) ANNUALIZED YIELD DATE ISSUED 3/31/08 $0.17040 6.87% 4/15/08 12/31/07 $0.16940 6.78% 1/15/08 9/30/07 $0.16790 6.72% 10/15/07 6/29/07 $0.16640 6.66% 7/16/07 3/31/07 $0.16540 6.62% 4/16/07 12/31/06 $0.16440 6.58% 1/15/07 9/30/06 $0.16340 6.54% 10/13/06 6/30/06 $0.16240 6.50% 7/14/06 3/31/06 $0.16140 6.46% 4/13/06 12/31/05 $0.16040 6.42% 1/13/06 9/30/05 $0.15990 6.40% 10/15/05 6/30/05 $0.15940 6.38% 7/15/05 3/31/05 $0.15890 6.36% 4/15/05 12/31/04 $0.15850 6.34% 1/15/05 9/30/04 $0.15796 6.32% 10/15/04 6/30/04 $0.15715 6.29% 7/15/04 3/31/04 $0.15690 6.28% 4/15/04 12/31/03 $0.15665 6.27% 1/15/04 9/30/03 $0.15645 6.26% 10/15/03 6/30/03 $0.15625 6.25% 7/15/03 3/31/03 $0.15500 6.20% 4/15/03 12/31/02 $0.15375 6.15% 1/15/03 9/30/02 $0.15250 6.10% 10/15/02 6/30/02 $0.15120 6.05% 7/15/02 3/31/02 $0.14994 6.00% 4/15/02

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