CIT announces healthcare REIT IPO.CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group Inc. announced that a registration statement has been filed with the Securities and Exchange Commission regarding the initial public offering of Care Investment Trust Inc.. The newly-organized, real estate investment and finance company will principally invest in healthcare-related commercial mortgage debt and real estate. Care Investment Trust will be managed and advised by CIT Healthcare LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a unit of CIT. Care Investment Trust will elect to be taxed as a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) for federal income tax purposes and will list its common stock on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "CRE". Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as joint book-running managers for the offering. |
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