Communications Sales & Leasing Declares $0.60 Per Share Quarterly Dividend

LITTLE ROCK, Ark., Aug. 11, 2015 (GLOBE NEWSWIRE) -- Communications Sales & Leasing, Inc. ("CS&L") (Nasdaq: CSAL) today announced that its Board of Directors declared a quarterly cash dividend of $0.60 per share, payable on October 15, 2015 to stockholders of record on September 30, 2015.

About CS&L

CS&L (Nasdaq: CSAL), an S&P 400 Midcap Index company headquartered in Little Rock, Ark., is an internally managed triple-net-lease real estate investment trust primarily engaged in the acquisition and leasing of communication distribution systems. CS&L currently owns 64,300 route miles of fiber, representing 3.5 million fiber strand miles, 235,200 route miles of copper and central office land and buildings across 29 states. Additional information about CS&L can be found on its website at www.cslreit.com.

CONTACT: Investor Contact:

         Rob Clancy, 501-850-0855
         VP - Investor Relations & Assistant Treasurer
         [email protected]

         Mark A. Wallace, 501-850-0866
         SVP, Chief Financial Officer & Treasurer
         [email protected]

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