Item 8.01. Other Events.
Dividend
On January 18,
2017, CIT Group Inc. (the “Company” or “CIT”) issued a press release announcing that the Board of
Directors declared a quarterly cash dividend in the amount of $0.15 per common share, payable on February 24, 2017 to common
shareholders of record on February 10, 2017. The press release is attached as Exhibit 99.1 to this Current Report on Form
8-K.
Item 9.01. Exhibits.
(d)
Exhibits
. The following
exhibits are being filed herewith:
99.1
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Press Release of CIT Group Inc., dated January 18, 2017, announcing its quarterly dividend.
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This Form 8-K contains
forward-looking statements within the meaning of applicable federal securities laws that are based upon our current
expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those anticipated. The words “expect,” “anticipate,”
“estimate,” “forecast,” “initiative,” “objective,” “plan,”
“goal,” “project,” “outlook,” “priorities,” “target,”
“intend,” “evaluate,” “pursue,” “commence,” “seek,”
“may,” “would,” “could,” “should,”
“believe,” “potential,” “continue,” or the negative of any of those words or similar
expressions is intended to identify forward-looking statements. All statements contained in this Form 8-K, other than
statements of historical fact, including without limitation, statements about our plans, strategies, prospects and
expectations regarding future events and our financial performance, are forward-looking statements that involve certain risks
and uncertainties. While these statements represent our current judgment on what the future may hold, and we believe these
judgments are reasonable, these statements are not guarantees of any events or financial results, and our actual results may
differ materially. Important factors that could cause our actual results to be materially different from our expectations
include, among others, the risk that (i) Bohai shareholders do not approve the transaction or that CIT does not receive or
satisfy regulatory or other approvals and conditions on a timely basis or approvals are subject to conditions that are not
anticipated, (ii) modifications to the terms of the transaction may be required in order to obtain or satisfy such approvals
or conditions, (iii) the risk that the transaction does not close or that there are changes in the anticipated timing for
closing the transaction, (iv) there are difficulties, delays or unexpected costs in separating Commercial Air from CIT or in
implementing the transaction, (v) business disruption during the pendency of or following the transaction,
including diversion of management time, (vi) the risk that CIT is unsuccessful in implementing its Amended Capital Plan on
the timing and terms contemplated, (vii) the risk that CIT is unsuccessful in implementing its strategy and business plan,
(viii) the risk that CIT is unable to react to and address key business and regulatory issues, (ix) the risk that CIT is
unable to achieve the projected revenue growth from its new business initiatives or the projected expense reductions from
efficiency improvements, and (x) the risk that CIT becomes subject to liquidity constraints and higher funding costs. We
describe these and other risks that could affect our results in Item 1A, “Risk Factors,” of our latest Annual
Report on Form 10-K for the year ended December 31, 2015, which was filed with the Securities and Exchange Commission.
Accordingly, you should not place undue reliance on the forward-looking statements contained in this Form 8-K. These
forward-looking statements speak only as of the date on which the statements were made. CIT undertakes no obligation to
update publicly or otherwise revise any forward-looking statements, except where expressly required by law.