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Care Investment Trust Inc. Announces Quarterly Dividend - Appoints Paul F. Hughes CFO and Treasurer
Date:3/16/2009

NEW YORK, March 16 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) ("Care" or the "Company") today announced that its Board of Directors has declared a dividend of $0.17 per share of common stock for the fourth quarter 2008. The dividend is payable on April 9, 2009 to common shareholders of record on March 26, 2009.

In addition, the Company today announced the election of Paul F. Hughes as Chief Financial Officer and Treasurer effective March 17, 2009. Mr. Hughes replaces Frank E. Plenskofski, who informed the Board that he will be resigning effective at the close of business on March 16, 2009 and after the filing of the Company's Form 10-K annual report.

Mr. Hughes brings over 30 years of experience to the Company. He has held a number of executive and senior level positions at CIT Group Inc. ("CIT") during his career and currently serves as Chief Financial Officer of CIT's Corporate Finance unit. Mr. Hughes' prior experience includes serving as Senior Vice President within CIT's Equipment Finance unit, where he was responsible for overseeing financial operations, and serving as Senior Vice President of CIT's Corporate Development unit, where he oversaw the coordination of acquisitions and dispositions of CIT's businesses. Prior to that he served as Director within CIT's Internal Audit department and also served as a Manager at Coopers and Lybrand (predecessor firm to PricewaterhouseCoopers). Mr. Hughes is a graduate of Northeastern University in Boston, Massachusetts with a B.S. in Business Administration and a concentration in Accounting and has also attended the Executive Management Program at the Tuck School of Business at Dartmouth.

F. Scott Kellman, President and Chief Executive Officer of Care, said, "We are excited to welcome Paul to the Care Investment
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SOURCE Care Investment Trust Inc.
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