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CapLease Announces Pricing of $20 Million of Series C Preferred Stock

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that it has priced an underwritten public offering of 850,000 shares of its 7.25% Series C Cumulative Redeemable Preferred Stock. The shares were priced at $24.57627 per share (plus accrued dividends), equating to a yield of 7.375%.