You may have recently received communication from Corp Property Assoc 17-Global Inc. (W. P. Carey-CPA17) that they are merging with W. P. Carey, Inc. (W. P. Carey- WPCI) to enhance value and offer investor liquidity. This information, while helpful, may prompt further questions for you about your IRA holding.
This merger has caused significant changes in the structure and relationship between First Trust Retirement (FTR) and W. P. Carey. FTR keeps its costs low by utilizing the product sponsor's existing transfer agency structure. This allows us to embed our services into the media, mailings, and reporting that is already in place for the product sponsors. This merger has transitioned W. P. Carey off of that structure. Due to this transition, the FTR IRA account holders impacted by this merger will receive notification and explanation from FTR on the new structure and services on their account.
Starting on November 1, 2018, please use the mailing and contact instructions listed below for all requests on W. P. Carey, Inc. FTR IRA account(s).
| Regular Mail | Overnight |
|---|---|
| First Trust Retirement
Attn: FTR- Publicly Traded PO Box 219261 Kansas City, MO 64121-9261 |
Mail Stop: FTR- Publicly Traded
430 West 7th Street Suite 219261 Kansas City, MO 64105-1407 |
As always, we encourage you to seek the guidance of your professional financial representative and/or tax advisor when making these important investment decisions.
Please return to our Corporate Actions page for answers to additional questions you may have.
6/18/18
NEW YORK, June 18, 2018 – W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, announced today that its Board of Directors has unanimously approved a definitive merger agreement pursuant to which Corporate Property Associates 17 – Global Incorporated ("CPA:17"), a publicly-held non-traded REIT advised by W. P. Carey, will merge with and into a subsidiary of W. P. Carey in a stockfor-stock transaction valued at approximately $6 billion. The transaction has also been approved by CPA:17's Board of Directors upon the unanimous recommendation of a Special Committee of CPA:17's independent directors. The merger is currently expected to close at or around December 31, 2018, subject to the satisfaction of the conditions set forth in the merger agreement, including the approval of stockholders of each of W. P. Carey and CPA:17.The premier IRA custodian choice of alternative investment product sponsors.
First Trust Retirement is the trade name of First Trust Company of Onaga.
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