W. P. Carey & Co. LLC Increases Second Quarter Dividend and Announces $20 Million Share Repurchase Program
June 19 2007 - 9:30AM
PR Newswire (US)
NEW YORK, June 19 /PRNewswire/ -- Investment firm W. P. Carey &
Co. LLC announced today that its Board of Directors has increased
the Company's quarterly cash dividend to $0.467 per share for the
quarter ending June 30, 2007. The dividend is payable on July 16,
2007 to shareholders of record as of June 29, 2007. This is the
Company's 25th consecutive quarterly dividend increase. In
addition, W. P. Carey's Board approved a share repurchase program
authorizing the Company to repurchase up to $20 million of the
Company's outstanding shares. The program provides that the Company
is authorized to repurchase these shares through open market
transactions from the date of commencement, June 19, 2007, through
December 31, 2007. The timing and amount of repurchase transactions
will depend on market conditions and regulatory considerations, and
may be suspended or discontinued at any time. As of April 16, 2007
the Company had 38,446,299 shares outstanding. W. P. Carey &
Co. LLC Founded in 1973, W. P. Carey & Co. LLC is a leading
global provider of long-term net lease financing for companies
worldwide. With $9.2 billion in assets and $5 billion in equity
capital, the Company and its CPA(R) series of income generating
real estate funds specialize in helping companies and private
equity firms realize the capital tied up in their real estate
assets. The W. P. Carey Group owns more than 800 commercial and
industrial properties in 14 countries, representing approximately
100 million square feet. http://www.wpcarey.com/ Individuals
interested in receiving future updates on W. P. Carey via e- mail
can register at http://www.wpcarey.com/alerts. 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 http://www.wpcarey.com/ PRESS
CONTACT: Kristina McMenamin Guy Lawrence W. P. Carey & Co. LLC
Ross & Lawrence 212-492-8995 212-308-3333 DATASOURCE: W. P.
Carey & Co. LLC CONTACT: Kristina McMenamin of W. P. Carey
& Co. LLC, +1-212-492-8995, , Guy Lawrence of Ross &
Lawrence, +1-212-308-3333, Web site: http://www.wpcarey.com/
http://www.wpcarey.com/alerts
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