NEW YORK, Oct. 22 /PRNewswire/ -- Care Investment Trust
Inc. (NYSE: CRE) ("Care" or the "Company"), a real estate
investment and finance company that invests in healthcare-related
real estate and commercial mortgage debt, today announced that on
October 21, 2010 the NYSE Regulation,
Inc. Board of Directors' Committee for Review rejected the
Company's appeal and affirmed the New York Stock Exchange Staff's
("NYSE Staff") decision to delist the Company's common stock.
Accordingly, the Company expects the NYSE Staff to make an
application to the Securities and Exchange Commission ("SEC") to
delist the Company's common stock in the near future. The
Company remains listed and trades on the OTCQX marketplace under
the ticker symbol CVTR.
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.
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 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 anticipated results,
performance, or achievements. All statements contained in
this release that are not clearly historical in nature are
forward-looking, and the words "anticipate," "believe," "estimate,"
"expect," "plan," "target," and similar expressions are generally
intended to identify forward-looking statements. Economic,
business, funding market, competitive and/or regulatory factors,
among others, affecting Care Investment Trust Inc.'s businesses are
examples of factors that could cause actual results to differ
materially from those described in the forward-looking statements
in addition to those factors specified in Care Investment Trust
Inc.'s Annual Report on Form 10-K/A, as well as Care Investment
Trust Inc.'s Quarterly Reports on Form 10-Q. Care Investment
Trust Inc. is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
For more information on the Company, please visit the
Company's website at www.carereit.com
SOURCE Care Investment Trust Inc.
Copyright . 22 PR Newswire
