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    CIT Declares Dividends
    Monday, April 16, 2018 03:30 PM

    NEW YORK, April 16, 2018 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.16 per common share on its outstanding common stock. The common stock dividend is payable on May 25, 2018 to common shareholders of record as of May 11, 2018.

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    The CIT Board also declared the semi-annual dividend on the Series A preferred stock of $29.00 per share payable on June 15, 2018 to preferred stockholders of record as of May 31, 2018.

    About CIT
    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.

    CIT MEDIA RELATIONS: 
    John Moran
    212-461-7705
    john.moran@cit.com

    CIT INVESTOR RELATIONS:
    Barbara Callahan  
    973-740-5058  
    Barbara.Callahan@cit.com 

    SOURCE CIT Group Inc.

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