NEW YORK, March 18 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. ("Care" or the "Company"), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today announced that it has scheduled a conference call on Wednesday, March 24, 2010, at 11:00 a.m. Eastern Time to discuss the Company's fourth quarter and fiscal year 2009 results, and its recently announced definitive agreement with Tiptree Financial Partners, L.P. for the sale of control of the Company which will include an issuer cash tender offer for up to 100% of Care's outstanding common shares. The call may be accessed live by dialing 888-549-7750 or through a live audio webcast from the Company's website at http://www.carereit.com/.
Investors may access a replay by dialing 800-460-7325, passcode 4272177, which will be available through March 31, 2010. The webcast replay will also be archived in the "Investor Relations" section of the Company's website.
In connection with the Tiptree transaction, the Company intends to file a Proxy Statement with the SEC in connection with the Board's solicitation of stockholder approval for the issuance of common stock to Tiptree. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE TIPTREE TRANSACTION AND THE DIRECT OR INDIRECT INTERESTS OF THE COMPANY'S BOARD MEMBERS AND EXECUTIVE OFFICERS IN CONNECTION WITH THE TRANSACTION. The Proxy Statement (when it becomes available) may be obtained free of charge at the SEC's website at http://www.sec.gov/. In addition, investors and security holders may obtain free copies of the Proxy Statement after it is filed with SEC by contacting Care's Secretary and Chief Compliance Officer, Paul F. Hughes at (212) 771-0505 or in writing to Care Investment Trust Inc., 505 Fifth Avenue, 6th Floor, New York, New York 10017, Attention: Paul F. Hughes, Secretary and Chief Compliance Officer or by accessing the Company's website at http://www.carereit.com/. Investors and security holders are urged to read the Proxy Statement before making any voting decision with respect to the matters contemplated therein.
In addition, in connection with the tender offer, the Company intends to file with the SEC a Schedule TO which will contain the Company's formal offer to purchase Care's stockholders' common stock in the tender offer, and associated transmittal materials. You are urged to read the information in the Schedule TO, and the Offer to Purchase that will be filed therewith, when it becomes available because it will contain important information. As with the Proxy Statement, the Schedule TO, and the Offer to Purchase that will be filed therewith (when they become available), may be obtained free of charge at the SEC's website at http://www.sec.gov/. In addition, investors and security holders may obtain free copies of the Schedule TO after it is filed with SEC by contacting our Secretary and Chief Compliance Officer, Paul F. Hughes at (212) 771-0505 or in writing to Care Investment Trust Inc., 505 Fifth Avenue, 6th Floor, New York, New York 10017, Attention: Paul F. Hughes, Secretary and Chief Compliance Officer or by accessing the Company's website at http://www.carereit.com/. Security holders are urged to read the Schedule TO because it will contain important information.
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, at all or in a timely fashion, the Tiptree transaction. 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, 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 and Chief Executive Officer of Care
Investment Trust, +1-212-771-9516, torey.riso@carereit.com; or Analysts
Web Site: http://www.carereit.com/
