NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. ("Care" or the "Company"), a real estate investment and finance company formed to invest in healthcare-related real estate and commercial mortgage debt, today announced that its Plan of Liquidation (the "Plan"), previously approved by the Company's Board of Directors on December 10, 2009, was approved by its stockholders at a special meeting called for that purpose. Approval of the Plan required the affirmative vote of the holders of a majority of the Company's outstanding shares. Holders of approximately 11.85 million of the outstanding shares, representing 58.6% of the shares outstanding and 99.8% of the votes cast, voted to approve the Plan.
About Care Investment Trust
Care Investment Trust Inc. is a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt. It is externally managed and advised by CIT Healthcare LLC, a wholly-owned subsidiary of CIT Group Inc.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond Care Investment Trust Inc.'s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "estimate," "expect," "plan," "target," and similar expressions are generally intended to identify forward-looking statements. Forward-looking statement in this release may relate to, but are not limited to, statements regarding Care's ability to consummate a liquidation, at all or in a timely manner. Economic, business, funding market, competitive and/or regulatory factors, among others, affecting Care Investment Trust Inc.'s businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements in addition to those factors specified in Care Investment Trust Inc.'s Annual Report on Form 10-K for the year ended December 31, 2008, as well as Care Investment Trust Inc.'s Quarterly Reports on Form 10-Q. Care Investment Trust Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For more information on the Company, please visit the Company's website at http://www.carereit.com/
Care Investment Trust Inc.
CONTACT: Torey Riso, President & Chief Executive Officer of Care
Investment Trust Inc., +1-212-771-9516, torey.riso@carereit.com; or Analysts
Web Site: http://www.carereit.com/
