CapLease Announces Public Offering of New Series C Preferred Stock

NEW YORK--(BUSINESS WIRE)--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.