CIT Group, Inc. New Common (CIT)

[Joe Stocks]

From the new 8K.
>>On a pro forma basis following the Recapitalization, assuming 100% participation in the Offers, holders of the New Preferred Stock will hold approximately 91.1% of the equity and voting power of the Company, the United States Department of the Treasury, as holder of our Fixed Rate Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”), will hold 5.4% of the equity and voting power of the Company, holders of the Company’s other series of currently outstanding preferred stock will hold approximately 1.0% of the equity and voting power of the Company, and holders of the Company’s currently outstanding common stock will hold 2.5% of the equity and voting power of the Company. If the Company receives the minimum level of participation in the Offers required to satisfy the Liquidity and Leverage Condition, on a pro forma basis following the Recapitalization, holders of the New Preferred Stock will hold approximately 90.6% of the equity and voting power of the Company, the United States Department of the Treasury, as holder of our Series D Preferred Stock, will hold 5.4% of the equity and voting power of the Company, holders of the Company’s other series of currently outstanding preferred stock will hold approximately 1.5% of the equity and voting power of the Company and holders of currently outstanding common stock will hold 2.5% of the equity and voting power of the Company. <<
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Reorganization;

Preferred Stock, Series A, B, C and D Contingent Value Rights

Common Stock No Recovery