Liquidity and Funding
At June 30, 2009, Care had $53.8 million in cash and cash equivalents. During the second quarter 2009 Care received $29.3 million from the prepayment of a mortgage investment in April 2009 at par and $8.2 million from the prepayment of a mortgage investment in June 2009 at par.
F. Scott Kellman, Chief Executive Officer, stated, "Balance sheet strength improved significantly during the second quarter as we received $37.5 million from the prepayment of two mortgage investments. Care now holds approximately $53 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, August 10, 2009, at 11:00 a.m. Eastern Time to discuss the second quarter results. The call may be accessed live by dialing (888) 549-7880 or by visiting the Company's website at www.carereit.com.
Investors may access a replay by dialing (800) 406-7325, passcode 4133239, which will be available through August 17, 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.
|SOURCE Care Investment Trust Inc.|
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