CapLease Declares Second Quarter Dividends

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that its Board of Directors has declared a cash dividend of $0.065 per share of common stock and per limited partnership unit for the second quarter of 2011.

The Company’s Board of Directors also declared a cash dividend of $0.5078125 per share of 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: LSEPrA) for the second quarter of 2011.

Both the common and the preferred dividends are payable on July 15, 2011 to stockholders of record as of June 30, 2011.

Stockholders interested in learning how to participate in CapLease’s dividend reinvestment and direct stock purchase plan or receiving a plan prospectus may do so by contacting American Stock Transfer & Trust Company, the plan administrator, through its Web site at www.amstock.com or by calling [phone]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of CapLease.

About the Company:

CapLease, 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.