CapLease Announces Partial Redemption of 8.125% Series A Preferred Stock

NEW YORK--(BUSINESS WIRE)--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.