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Capital Automotive Announces Planned Preferred Share Offering MCLEAN, Va., April 19 /PRNewswire-FirstCall/ -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, today announced that it will file with the Securities and Exchange Commission a preliminary prospectus supplement to a shelf registration statement for the public offering of 4,000,000 Series B Cumulative Redeemable Preferred Shares. The Company will also grant the underwriters an over-allotment option to purchase up to 600,000 additional Series B preferred shares. All of the Series B preferred shares are being sold by the Company. Credit Suisse First Boston and A.G. Edwards & Sons, Inc. are expected to be joint bookrunners and joint lead managers. Co-managers are expected to be Ferris, Baker Watts, Incorporated, Friedman Billings Ramsey, JPMorgan, RBC Capital Markets, BB&T Capital Markets, KeyBanc Capital Markets and Raymond James. Copies of the prospectus supplement may be obtained from the offices of Credit Suisse First Boston, Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 212-325-2580, or by faxing your request to 212-325-8057, or from the offices of A.G. Edwards & Sons, Inc., One North Jefferson Avenue, St. Louis, Missouri 63103, telephone: 314-955-3000. About Capital Automotive Capital Automotive, headquartered in McLean, Virginia, is a self- administered, self-managed real estate investment trust that acquires 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 Web site at http://www.capitalautomotive.com/. Contact Information David S. Kay Senior Vice President, Chief Financial Officer and Treasurer Capital Automotive REIT 703.394.1302 DATASOURCE: Capital Automotive REIT CONTACT: David S. Kay, Senior Vice President, Chief Financial Officer and Treasurer, of Capital Automotive REIT, +1-703-394-1302 Web site: http://www.capitalautomotive.com/

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