This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CapLease Announces Partial Redemption Of 8.125% Series A Preferred Stock

CapLease, Inc. (NYSE: LSE) announced today that it is redeeming another 815,000 shares of its 8.125% Series A Cumulative Redeemable Preferred Stock, representing 30.79% of the total outstanding shares of the Series A Preferred Stock. The Series A Preferred Stock will be redeemed at a price of $25.00 per share plus all accumulated and unpaid dividends through the redemption date, April 3, 2013, for a total of $25.44010 per share. After the redemption date, dividends on the shares of Series A Preferred Stock being redeemed will cease to accumulate.

Redemptions will be on a pro rata basis (as nearly as practicable without creating fractional shares) from each registered holder. Holders of shares of Series A Preferred Stock through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depository Trust Company.

The notice of redemption and related materials will be mailed to the registered holders of Series A Preferred Stock on March 4, 2013. Questions relating to, and requests for additional copies of, the notice of redemption and related materials should be directed to the redemption agent, American Stock Transfer & Trust Company, LLC, 6201 15 th Avenue, Brooklyn, New York 11219, Attention: Reorganization Department at 877-248-6417.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns and manages a diversified portfolio of single tenant commercial real estate properties subject to long-term leases to high credit quality tenants.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs