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CapLease Inc | 8.125% Series A Cumulative Redeemable Preferred Stock (LSE.PRA)
Prospectus excerpt: We are offering 1,400,000 shares of our 8.125% Series A cumulative redeemable preferred stock, par value $.01 per share. We will pay cumulative dividends on the Series A preferred stock from the date of original issuance in the amount of $2.03125 per share each year, which is equivalent to 8.125% of the $25.00 liquidation preference per share. Dividends on the Series A preferred stock will be payable quarterly in arrears, beginning on January 17, 2006. Full Prospectus PDF », Secondary Prospectus PDF », LSE Page »
| Series: | A | | Alternate symbology: | LSE-A, LSE-PA, LSEprA | | Redeemable?: | Yes | | Call Date: | 10/19/2010 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Shares Offered: | 1,400,000 | | Overallotment: | 210,000 | | Liquidation Preference: | $25.00 | | Original Coupon: | 8.125% | | Pay Period: | Quarterly | | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | | CDx3 Compliance Rating: |
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CapLease is a real estate investment trust that primarily owns and manages a portfolio of single tenant commercial real estate properties subject to long-term leases to tenants. Many of the properties Co. owns are subject to a net lease, or a lease that requires the tenant to pay all or substantially all property operating expenses, such as utilities, real estate taxes, insurance and routine maintenance. Co. conducts its business through two operating segments: operating real estate (including its investments in owned real properties); and debt investments (including its loan investments as well as its investments in securities). As of Dec 31 2012, Co. had 71 properties in 25 states. Preferreds: LSE.PRA, LSE.PRB, LSE.PRC
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