CapLease Boosts Dividend 8%

The Company's Board of Directors announced an increase in the Company's quarterly dividend by 8% beginning with the third quarter of 2012 to $0.07 per share. That increase reflects the Company's significant progress to date on its 2012 business plan including new investments added or committed of over $100 million and existing portfolio management activity highlighted by leasing progress at the three Nestlé properties and the extension and reduction of the related mortgage debt on those properties. The Board of Directors will continue to evaluate the Company's dividend policy for the remainder of the year as the Company continues to implement its 2012 plan.