Capital Automotive LLC Declares Quarterly Preferred Unit Distributions
MCLEAN, Va., Oct. 31, 2011 /PRNewswire/ -- Capital Automotive LLC (the "Company"), the nation's leading specialty finance company for automotive retail real estate, today announced that its Board of Managers has declared a dividend for the period commencing August 1, 2011 and ending October 31, 2011 of $0.46875 per Series A Cumulative Redeemable Preferred Unit of the Company, payable on November 15, 2011 to holders of record as of November 1, 2011.
The Board of Managers has also declared a dividend for the period commencing August 1, 2011 and ending October 31, 2011 of $0.50 per Series B Cumulative Redeemable Preferred Unit of the Company, payable on November 15, 2011 to holders of record as of November 1, 2011.
About Capital Automotive
Capital Automotive, headquartered in McLean, Virginia, is a Delaware limited liability company. The Company's primary strategy is to acquire real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses. Additional information on Capital Automotive is available on the Company's Website at http://www.capitalautomotive.com.
David S. Kay
Executive Vice President, Chief Financial Officer and Treasurer
Capital Automotive Real Estate Services, Inc.
SOURCE Capital Automotive LLC
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