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Care Investment Trust Inc. Announces First Quarter 2009 Results
Date:5/11/2009

obligation at par value.

F. Scott Kellman, Chief Executive Officer, stated, "Balance sheet strength improved significantly during the first quarter as we harvested $22.5 million from the sale of a mortgage and repaid all outstanding borrowings under our line of credit. Care now holds approximately $46 million in cash and cash equivalents and has no debt maturities prior to 2015."

Conference Call Details

The Company will host a conference call on Monday, May 11, 2009, at 11:00 a.m. Eastern Time to discuss the first quarter results. The call may be accessed live by dialing (888) 549-7750 or by visiting the Company's website at www.carereit.com.

Investors may access a replay by dialing (800) 406-7325, passcode 4064279, which will be available through May 18, 2009. The webcast replay will also be archived in the "Investor Relations" section of the Company's website.

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt. It is externally managed and advised by CIT Healthcare LLC, a wholly-owned subsidiary of CIT Group Inc.

For more information on Care Investment Trust, please visit the Company's website at www.carereit.com.

Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond Care Investment Trust Inc.'s control, which may cause actual results, performance, or achievements to differ materially from anti
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SOURCE Care Investment Trust Inc.
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