Item 8.01. Other Events.
Common Stock Dividend
On October 16, 2017,
the CIT Group Inc. (“CIT” or the “Company”) issued a press release announcing that the Board of Directors
of the Company (the “CIT Board”) declared a quarterly cash dividend in the amount of $0.16 per common share, payable
on November 24, 2017 to common shareholders of record on November 10, 2017. The press release is attached as Exhibit 99.1.
Preferred
Stock Dividend
On
October 16, 2017, the Company issued a press release announcing that the CIT Board declared a semi-annual dividend in the amount
of $30.29 per share on the Series A preferred stock of the Company, payable on December 15, 2017 to preferred stockholders of record
at the close of business on November 30, 2017. The press release is attached as Exhibit 99.1.
Item 9.01. Exhibits.
(d)
Exhibits
. The following exhibits are being filed
herewith:
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 CIT (i) is unsuccessful in implementing its strategy and business plan, (ii)
is unable to react to and address key business and regulatory issues, (iii) is unable to achieve the projected revenue growth from
its new business initiatives or the projected expense reductions from efficiency improvements, or (iv) 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, 2016, 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.