Capital Lease Announces Commencement of Public Offering.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Capital Lease Funding, Inc. (NYSE NYSE See: New York Stock Exchange : LSE LSE - Language Sensitive Editor ) announced today the commencement of a public offering of 5,000,000 shares of its common stock, par value $.01 per share. CapLease intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 750,000 shares of its common stock to cover over-allotments, if any. Friedman Billings Ramsey FBR Group Friedman, Billings, Ramsey Group Inc., or simply FBR, (NYSE:FBR), is a full service investment bank headquartered in Arlington, Virginia that sponsors the FBR Open PGA golf tournament held in Phoenix, Arizona. and Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. are the joint book-running managers for the offering. Ryan Beck & Co. is a co-manager for the offering. 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. A prospectus relating to the offering may be obtained from Friedman Billings Ramsey at 1001 19th Street North, Arlington, Virginia 22209, Attention: Prospectus Department (Telephone number 703-469-1023), or Wachovia Securities at 375 Park Avenue, 3rd Floor, New York, NY 10152 (Telephone number 212-214-6400). This press release contains statements that are forward-looking. Such forward-looking statements involve risks and uncertainties and actual outcomes may differ materially from those projected. For more information regarding these risks and uncertainties, review CapLease's filings with the Securities and Exchange Commission. About the Company: Capital Lease Funding, Inc. is a real estate investment trust, or REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , focused on owning and financing commercial real estate that is net leased primarily to single tenants with investment grade credit ratings. |
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