QUANTUMONLINE.COM SECURITY DESCRIPTION:  CIT Group Inc., 7.75% Equity Units, stated amount $25 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/40th interest in a 7.50% senior note with a principal amount of $1000. The stock purchase contract requires the holder to purchase for $25 a variable number of shares of CIT Group Inc. (NYSE: CIT) common stock no later than 11/17/2010 and pays a contract adjustment rate of 0.25% per annum. The stock purchase settlement rate will be 0.5952 shares per unit if the then current market price is equal to or greater than $42.00 and 0.7147 shares per unit if the market price is equal to or less than $34.98. For market prices between those values the settlement rate will be $25 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 10/17/2007 was $34.98 per share. The senior note is due 11/15/2015 and is subject to reset and remarketing on the third business day prior to 11/2/2010. The Corporate Units pay quarterly distributions of 7.75% ($1.9375) per annum on 2/17, 5/17, 8/17 & 11/17 to holders of record on the record date which is the first day of the month in which the payment is due while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The senior notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Corporate Units. The senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.75% $1.9375	$25.00 N/A	11/17/2010 11/15/2015	Ca CC 7/27/2009	0.5952@$42.00+ 0.7147@$34.98-	2/17, 5/17, 8/17 & 11/17 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  Plan of bankruptcy effective ? Per the Other OTC on 12/10/2009. ____________ November 1, 2009: -- CIT Group Inc. filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders. In a statement, the company said it is asking the U.S. Bankruptcy Court for the Southern District of New York for a quick approval of the prepackaged plan. CIT said none of its operating subsidiaries would be affected by the filing, allowing them to continue operations. ____________ From the 8/7/2009 News Release -- CIT also announced today that the Company’s Board of Directors has decided to suspend dividend payments on its four series of Preferred Stock in order to improve liquidity and preserve capital while restructuring efforts are ongoing. Payments on the Company’s Equity Units (NYSE: CIT PrZ) are not affected by this decision.

Company's Online Information Links

HOME PAGE:     http://www.cit.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Email Address	investor.relations@cit.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   505 Fifth Avenue, New York, NY 10017
Main Phone Number	212-771-0505
Fax Number	973-740-5527
Investor Relations   Ken Brause	212-771-9650
Toll Free Phone Number	866-542-4847

CEO - Jeffrey M. Peek

CFO - Joseph M. Leone