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Press Release

Communications Sales & Leasing Declares $0.60 Per Share Quarterly Dividend

LITTLE ROCK, Ark., Feb. 14, 2017 (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 April 14, 2017 to stockholders of record on March 31, 2017.

ABOUT CS&L

CS&L, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. CS&L owns 4.2 million fiber strand miles, 86 wireless towers, and other communications real estate throughout the United States and Mexico as of September 30, 2016. Additional information about CS&L can be found on its website at www.cslreit.com.

INVESTOR CONTACT:
Mark A. Wallace, 501-850-0866
EVP, Chief Financial Officer & Treasurer
mark.wallace@cslreit.com

Jim Volk, 501-850-0872
VP, Finance & Investor Relations
jim.volk@cslreit.com

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Communications Sales & Leasing Inc.