Message #3 From:
Stock News Bot Date: March 12, 2007 10:01:00 AM
LSE News Capital Lease Announces Dividend Reinvestment and Stock Purchase Plan
NEW YORK--(BUSINESS WIRE)--Capital Lease Funding, Inc. (NYSE: LSE)announced today that it has adopted a dividend reinvestment and stock purchase plan. The plan allows interested stockholders to reinvest all or a portion of their cash dividends in shares of CapLease common stock and to make monthly purchases of CapLease common stock generally up to a maximum of $10,000 (unless a higher amount is approved by CapLease in its sole discretion).
By participating in the plan, stockholders will be able to purchase shares of CapLease common stock without paying brokerage commissions or service fees and may be entitled to purchase shares at a discount from the prevailing market price.
The plan will be administered by CapLease’s transfer agent, American Stock Transfer & Trust Company. A prospectus including a plan document has been prepared by CapLease and investors can obtain a copy of the prospectus and plan enrollment forms by accessing the transfer agent’s web site at www.amstock.com or calling (866) 706-0513. A prospectus can also be obtained by visiting CapLease’s web site at www.caplease.com in the Investor Relations section. Investors should read the prospectus in its entirety before deciding to invest in CapLease common stock through the plan.
The shares of common stock will be issued pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
About the Company:
Capital Lease Funding, Inc. is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants.
