CapLease Series B Cumulative Redeemable Preferred Stock Crosses Above 8% Yield Territory

In trading on Tuesday, shares of CapLease Inc's 8.375% Series B Cumulative Redeemable Preferred Stock (NYSE: LSE.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0938), with shares changing hands as low as $25.68 on the day. This compares to an average yield of 6.21% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, LSE.PRB was trading at a 9.20% premium to its liquidation preference amount, versus the ave...