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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (12601)	9/14/2012 9:17:16 AM
From: Triffin	Read Replies (2) of 34328

WPC shareholders approve REIT conversion and 15% distribution increase .. ===== W.P. Carey announces shareholder approval of REIT conversion and merger with Corporate Property Associates 15; increases quarterly distribution by 15% over prior Q ( WPC) 45.47 : Co reports that its proposed conversion to a REIT and merger with its publicly held, non-traded REIT affiliate, Corporate Property Associates 15 were approved by its shareholders and that the merger was also approved by the stockholders of CPA:15. The transactions are expected to close on September 28, 2012. Co's Board established its third quarter 2012 cash distribution at $0.65 per share, which equates to an annualized rate of $2.60 per share and represents a 15% increase over the previous quarter. The cash dividend is payable on Oct 16 to shareholders of record as of Oct 2 .. ===== Triff ..

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