WP Carey Raises Qtr Dividend To $0.55 From $0.512

Investment firm W. P. Carey & Co. LLC WPC announced today that its Board of Directors has increased the Company's quarterly cash distribution to $0.55 per share for the quarter ending June 30, 2011. Payable on July 15, 2011 to shareholders of record as of June 30, 2011, this marks the Company's 41st consecutive distribution increase and a 7% increase over the prior quarter. W. P. Carey Chairman Wm. Polk Carey commented, "Our consistent risk management-driven investment strategy has enabled us to provide steady income to our shareholders over several decades. We manage W. P. Carey today just as we have from the start, on the principle of Investing for the Long Run, and we are pleased to share the continuing success of that approach with our shareholders. Today our Board of Directors determined that our distributions should again be increased this quarter -- our largest quarterly increase to date -- which reflects the strong cash flow being generated by our businesses." The Board of Directors of CPA® :15 also announced that its cash distribution increased to $0.1821 per share, equating to an annualized yield of 7.34%. This distribution is payable on July 15, 2011 to shareholders of record as of June 30, 2011.