NEW YORK, NY – March 7, 2000 – Carey Diversified LLC (NYSE:CDC), a market leader in the ownership and net leasing of corporate properties and the largest publicly traded LLC on the New York Stock Exchange, today announced it will offer on-line access to tax information and free Quicken® TurboTax® for the WebSM to its shareholders. These services will be available at www.k1support.com/carey.
Carey Diversified LLC shareholders will be required to submit their Social Security Numbers and Last Names in order to enter the secure site. Along with access to complete tax information, shareholders will be provided a link on the web page to a site where they will be able to make use of TurboTax for the Web.
Commenting on the free service, Chairman Francis J. Carey stated, "At Carey Diversified LLC we pride ourselves in providing the highest possible level of service to our investors. We feel that on-line access to tax information and free TurboTax for the Web will create a more efficient filing process for our shareholders."
Mr. Carey added, "We have faced challenges in setting up the complex tax accounting and reporting process for this unique publicly traded LLC, and have implemented a new accounting system as we seek to enhance operational efficiencies. In response to shareholder feedback, we have also changed the format of their tax forms to make them compatible with leading tax reporting software packages."
Carey Diversified's portfolio consists of 210 properties in 37 states, totaling more than 20 million square feet. Carey Diversified leases properties to manufacturing, technology, retailing and communications companies including America West Airlines, Federal Express Corp., Detroit Diesel, Gibson Greetings, Inc., Dr Pepper Bottling Company of Texas, Wal-Mart, AT&T, The Gap and more than 70 others nationwide. Additional information about Carey Diversified LLC and an another point of access to the K-1 support website is available on the company's website at www.careydiv.com.
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.