Business & Finance
Mon, April 16, 2012 
NEW YORK--([ BUSINESS WIRE ])--CapLease, Inc. (NYSE: LSE)announced today the commencement of an initial public offering of a new Series B Preferred Stock. CapLease intends to apply to list the Series B Preferred Stock on the New York Stock Exchange under the symbol aLSEPrB.a CapLease intends to grant the underwriters of the offering a 30-day option to purchase additional shares of Series B Preferred Stock solely to cover over-allotments, if any.
CapLease intends to use the net proceeds of the offering to fund future acquisitions and for other general corporate purposes.
The shares will be issued pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. A preliminary prospectus supplement and related prospectus relating to the offering have been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares, nor shall there be any sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are the joint book-running managers of the offering.
The offering may be made only by means of a preliminary prospectus supplement and the related prospectus. You may request copies of these documents by contacting Wells Fargo Securities, LLC, 1525 W.T. Harris Boulevard, NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support (telephone: (800) 326-5897 or email: [ cmclientsupport@wellsfargo.com ] and Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (email: [ batprospectusdept@citi.com ] or telephone number (800) 831-9146).
This press release contains statements that are forward-looking. Such forward-looking statements involve risks and uncertainties and actual outcomes may differ materially from those projected. Factors that could causes actual results to differ materially from CapLeaseas expectations include, but are not limited to, changes in capital markets and economic conditions, completion of the offering on the terms described in the registration statement, the prospectus supplement relating to the offering and the accompanying prospectus, and use of proceeds from the sale of the Series B Preferred Stock. For more information regarding these and other risks and uncertainties, review CapLeaseas Annual Report on Form 10-K for the year ended December 31, 2011 and its other filings with the Securities and Exchange Commission.
About the Company:
CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns and manages single tenant commercial real estate properties subject to long-term leases to high credit quality tenants.
