Eastern Light Capital Sets Annual Meeting Date

SAN FRANCISCO, CA--(Marketwire -11/18/11)- Eastern Light Capital, Incorporated ("ELC" or the "Company") (AMEX: ELC - News), a specialty lender organized as a real estate investment trust ("REIT"), announced that its Board of Directors has set Wednesday, December 28, 2011 as the date for the annual meeting of shareholders. The meeting will be held at 10:00 a.m. at the Company's San Francisco, California headquarters. Shareholders of record as of December 7, 2011 will be entitled to vote at the meeting.

About Eastern Light Capital

ELC is a specialty lender, organized as a REIT that has invested in high yielding, mortgage loans located primarily in California. The Company's future investment plans include retaining its REIT status and investing in existing, leased, commercial properties and apartments using limited leverage. Alternative strategic plans are also being considered.

Forward-Looking Statements

This document contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) that inherently involve risks and uncertainties. CAIT's actual results, operations and liquidity may differ materially from those anticipated in these forward-looking statements because of changes in the level and composition of CAIT's investments and unseen factors. As discussed in CAIT's filings with the Securities and Exchange Commission, these factors may include, but are not limited to, changes in general economic conditions, the availability of suitable investments, fluctuations in and market expectations of fluctuations in interest rates and levels of mortgage payments, deterioration in credit quality and ratings, the effectiveness of risk management strategies, the impact of leverage, the liquidity of secondary markets and credit markets, increases in costs and other general competitive factors.