Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, May 20, 10:18 PM

This Slide: #525 of 581

Slide #525. CapLease, Inc. — Preferred Stock Offering

Company:	CapLease, Inc. (LSE)
Date announced:	1/16/2013
Security type:	7.25% Series C Preferred Stock (LSE.PRC)
Shares Offered:	850,000
Date of Pricing:	1/17/2013
Price Per Share:	$24.58
Preferred Stock Offering Details:	CapLease, Inc. (NYSE:LSE) announced today the commencement of an initial public offering of a new 7.25% Series C Preferred Stock. CapLease intends to apply to list the Series C Preferred Stock on the New York Stock Exchange under the symbol "LSEPrC." MLV & Co. LLC and JMP Securities LLC are acting as underwriters to offer and sell the Series C Preferred Stock on a "best efforts" basis.

CapLease is a real estate investment trust that primarily owns and manages a portfolio of single tenant commercial real estate properties subject to long-term leases to tenants. Many of the properties Co. owns are subject to a net lease, or a lease that requires the tenant to pay all or substantially all property operating expenses, such as utilities, real estate taxes, insurance and routine maintenance. Co. conducts its business through two operating segments: operating real estate (including its investments in owned real properties); and debt investments (including its loan investments as well as its investments in securities). As of Dec 31 2012, Co. had 71 properties in 25 states.

Preferreds: LSE.PRB, LSE.PRA, LSE.PRC