CapLease Announces Record Date for Interim Fourth Quarter Dividends

  CapLease Announces Record Date for Interim Fourth Quarter Dividends

Business Wire

NEW YORK -- November 5, 2013

CapLease, Inc. (NYSE:LSE)  (the “Company”) announced today that it expects
November 4, 2013, to be the record date for the previously announced interim
fourth quarter dividends payable on its common stock, limited partnership
units, 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: LSEPrA),
8.375% Series B Cumulative Redeemable Preferred Stock (NYSE: LSEPrB), and
7.25% Series C Cumulative Redeemable Preferred Stock (NYSE: LSEPrC). The
Company expects its previously announced merger with an affiliate of American
Realty Capital Properties, Inc. to be completed after the market closes on
November 5, 2013. In that case, stockholders of record as of November 4, 2013,
will be entitled to receive the applicable interim dividend payments.

The payment of these dividends is conditioned on the closing of the merger. If
the merger is not completed on November 5, 2013, then the record date for
determining stockholders entitled to payment of the dividends will be the last
business day prior to the date that the merger becomes effective.

The Company will issue a press release after the merger becomes effective
announcing the final per share amount of the dividends payable on its common
stock and preferred stock.

About the Company:

CapLease, Inc. is a real estate investment trust, or “REIT,” that primarily
owns and manages a diversified portfolio of single-tenant commercial real
estate properties subject to long-term leases to high-credit-quality tenants.

Forward-Looking Statements

Any statements in this press release about prospective performance and plans
for the Company, the expected timing of the completion of the proposed merger
and payment of the proposed dividends, the ability to complete the proposed
merger, and other statements containing the words “estimates,” “believes,”
“anticipates,” “plans,” “expects,” “will,” and similar expressions, other than
historical facts, constitute forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Factors or risks that could cause our actual results to differ
materially from the results we anticipate include, but are not limited to: (1)
the occurrence of any event, change or other circumstances that could give
rise to the termination of the previously announced Agreement and Plan of
Merger, dated May 28, 2013, between the Company, American Realty Capital
Properties, Inc., and certain affiliates of each (the “Merger Agreement”); (2)
the inability to complete the proposed merger due to the failure to satisfy
the conditions in the merger agreement to completion of the merger; (3) risks
related to disruption of management’s attention from the Company’s ongoing
business operations due to the merger; (4) the effect of the announcement of
the proposed merger on the Company’s relationships with its customers,
tenants, lenders, operating results and business generally; (5) the outcome of
any legal proceedings relating to the merger or the Merger Agreement; and (6)
risks to consummation of the merger, including the risk that the merger will
not be consummated within the expected time period or at all. Actual results
may differ materially from those indicated by such forward-looking statements.
In addition, the forward-looking statements included in this press release
represent our views as of the date hereof. We anticipate that subsequent
events and developments will cause our views to change. However, while we may
elect to update these forward-looking statements at some point in the future,
we specifically disclaim any obligation to do so. These forward-looking
statements should not be relied upon as representing our views as of any date
subsequent to the date hereof. Additional factors that may cause results to
differ materially from those described in the forward-looking statements are
set forth in the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2012, which was filed with the SEC on February 21, 2013,
under the heading “Item 1A—Risk Factors,” and in subsequent reports on Forms
10-Q and 8-K filed with the SEC by the Company.

Contact:

Investor Relations
ICR
Brad Cohen, 212-217-6393
bcohen@icrinc.com
 
Press spacebar to pause and continue. Press esc to stop.