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Capital Lease Declares 2007 Second Quarter Dividends

NEW YORK, NY (REIT Media) June 20, 2007 - Capital Lease Funding, Inc. (NYSE:LSE) announced today that its Board of Directors has declared a cash dividend of $0.20 per share of common stock and per limited partnership unit for the second quarter of 2007.

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 for the second quarter of 2007.

Both the common and the preferred dividends are payable on July 16, 2007 to shareholders of record as of June 29, 2007.

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 (866) 706-0513. 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:

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.

Contact:

Investor Relations/Media:
ICR, Inc.
Investor Relations:
Brad Cohen, 212-217-6393
bcohen@icrinc.com
or
Media:
Liz Brady, 203-682-8230
liz.brady@icrinc.com

Source: Capital Lease Funding, Inc.

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Jun.20.2007. 17:33

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