|
<PAGE>
EXHIBIT 4.1
CORPORATE PROPERTY ASSOCIATES 17 -- GLOBAL INCORPORATED
2007 DISTRIBUTION REINVESTMENT
AND STOCK PURCHASE PLAN
1. Participation; Agent. Corporate Property Associates 17 --
Global
Incorporated 2007 Distribution Reinvestment and Stock Purchase
Plan ("Plan") is
available to stockholders of record of the common stock ("Common
Stock") of
Corporate Property Associates 17 -- Global Incorporated ("CPA(R)
:17 -- Global"
or the "Company"). Phoenix American Financial Services, Inc.
("Phoenix
American") acting as agent for each participant in the Plan,
will apply cash
distributions which become payable to such participant on shares
of CPA(R) :17 -
Global Common Stock (including shares held in the participant's
name and shares
accumulated under the Plan), to the purchase of additional whole
and fractional
shares of CPA(R) :17 -- Global Common Stock for such
participant.
2. Eligibility. Participation in the Plan is limited to
registered owners
of CPA(R) :17 - Global Common Stock. Shares held by a
broker-dealer or nominee
must be transferred to ownership in the name of the stockholder
in order to be
eligible for this Plan. Further, a stockholder who wishes to
participate in the
Plan may purchase shares through the Plan only after receipt of
a prospectus
relating to the Plan, which prospectus may also relate to a
concurrent public
offering of shares by CPA(R) :17 -- Global. CPA(R) :17 --
Global's board of
directors' (the "Board") reserves the right to amend the Plan in
the future to
permit voluntary cash investments in Common Stock pursuant to
the Plan. A
participating stockholder is not required to include all of the
shares owned by
such stockholder in the Plan, but all of the distributions paid
on enrolled
shares will be reinvested.
3. Stock Purchases. In making purchases for the accounts of
participants,
Phoenix American may commingle the funds of one participant with
those of other
participants in the Plan. All shares purchased under the Plan
will be held in
the name of each participant. Purchase will be made directly
from CPA(R) :17 --
Global at 95% of the estimated net asset value ("NAV") per share
of CPA(R) :17
-- Global Common Stock, as estimated by Carey Asset Management
Corp. (the
"Advisor") or another firm CPA(R) :17 -- Global chooses for that
purpose. During
the offering and until the first annual valuation of CPA(R) :17
-- Global's
assets is received, the purchase price will be $9.50 per share.
Subsequent to
the time that we begin to receive annual valuations, the per
share purchase
price will be 95% of the then current NAV. NAV is determined by
adding the most
recent appraised value of the real estate owned by CPA(R) :17 --
Global to the
value of CPA(R) :17 - Global's other assets, subtracting the
total amount of all
liabilities and dividing the difference by the total number of
outstanding
shares. Phoenix American shall have no responsibilities with
respect to the
market value of the CPA(R) :17 -- Global Common Stock acquired
for participants
under the Plan.
4. Timing of Purchases. Phoenix American will make every
reasonable
| 
