Capital Lease Funding Clarifies Recent Stock Sale.
NEW YORK -- Capital Lease Funding, Inc. (NYSE: LSE) clarified today that the sale of 1,295,566 shares of its common stock reported yesterday by its chairman, Lewis Ranieri, on a Form 4 filed with the SEC, represented a sale by Hyperion CLF LLC, not a sale by Mr. Ranieri. Hyperion CLF LLC is wholly-owned
Under SEC reporting rules, Mr. Ranieri was required to report the sale effected by Hyperion CLF LLC because Mr. Ranieri owns an indirect pecuniary interest in the shares sold.
About the Company:
Capital Lease Funding, Inc. (NYSE: LSE) is real estate investment trust, or REIT, focused on financing and owning commercial real estate that is net leased primarily to single tenants with investment grade or near investment grade credit ratings.
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