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CIT GROUP INC Preferred Shares: Series Issued

CIT GROUP INC Preferred Shares: Series Issued

Every preferred stock series the company issued, from its filings on SEC EDGAR as filed there: each offering's final term sheet (Form FWP) and the 10-K, newest first; the Source column names each filing and its form. Values are as filed.

  • 5.625% Non-Cumulative Perpetual Preferred Stock, Series B: Issued 2019-11; Shares issued 8,000,000; Proceeds $195,807,675.1; Holder or registration Application will be made to list the Preferred Stock on the New York Stock Exchange under the symbol “CITPRB”. The “Underwriting” section of the Preliminary Prospectus Supplement is hereby amended to add the following above “Notice to Prospective Investors” on page S-38: “Conflicts of Interest CIT Capital Securities LLC is an affiliate of CIT Group Inc., and, as such, has a “conflict of interest” in this offering of Preferred Stock within the meaning of FINRA Rule 5121. Consequently, this offering is being conducted in compliance with the provisions of Rule 5121. CIT Capital Securities LLC is not permitted to sell securities in this offering to an account over which it exercises discretionary authority without the prior specific written approval of the account holder.” * A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Issuer or any underwriter will arrange to send you the prospectus if you request it by calling any of the Joint Book-Running Managers at its number below: Morgan Stanley & Co. LLC 866-718-1649 (toll free) J.P. Morgan Securities LLC 212-834-4533 (collect) Wells Fargo Securities, LLC 800-645-3751 (toll free) Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system. 2.
  • Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A: Issued 2017-06; Shares issued 325,000; Proceeds $319,300,150; Holder or registration The Preferred Stock will not be listed on any securities exchange. *A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Issuer or any underwriter will arrange to send you the prospectus if you request it by calling any of the Joint Book-Running Managers at its number below: Morgan Stanley & Co. LLC (866) 718-1649 Barclays Capital Inc. (888) 603-5847 Credit Suisse Securities (USA) LLC (800) 221-1037 Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system. 2 of 2.
SeriesIssuedShares issuedProceedsHolder or registrationDividendConversionConverted or retiredOutstandingSource
5.625% Non-Cumulative Perpetual Preferred Stock, Series B2019-118,000,000$195,807,675.1 netApplication will be made to list the Preferred Stock on the New York Stock Exchange under the symbol “CITPRB”. The “Underwriting” section of the Preliminary Prospectus Supplement is hereby amended to add the following above “Notice to Prospective Investors” on page S-38: “Conflicts of Interest CIT Capital Securities LLC is an affiliate of CIT Group Inc., and, as such, has a “conflict of interest” in this offering of Preferred Stock within the meaning of FINRA Rule 5121. Consequently, this offering is being conducted in compliance with the provisions of Rule 5121. CIT Capital Securities LLC is not permitted to sell securities in this offering to an account over which it exercises discretionary authority without the prior specific written approval of the account holder.” * A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Issuer or any underwriter will arrange to send you the prospectus if you request it by calling any of the Joint Book-Running Managers at its number below: Morgan Stanley & Co. LLC 866-718-1649 (toll free) J.P. Morgan Securities LLC 212-834-4533 (collect) Wells Fargo Securities, LLC 800-645-3751 (toll free) Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system. 25.625% per annum; Dividend Payment Dates: Quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 20202019-11-07 FWP
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A2017-06325,000$319,300,150 netThe Preferred Stock will not be listed on any securities exchange. *A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Issuer or any underwriter will arrange to send you the prospectus if you request it by calling any of the Joint Book-Running Managers at its number below: Morgan Stanley & Co. LLC (866) 718-1649 Barclays Capital Inc. (888) 603-5847 Credit Suisse Securities (USA) LLC (800) 221-1037 Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system. 2 of 2At a rate per annum equal to 5.800% from the original issue date to, but excluding, June 15, 2022, and, thereafter, at a floating rate per annum equal to three-month LIBOR on the related dividend determination date plus a spread of 3.972% per annum.; Dividend Payment Dates: Semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2017 and ending on June 15, 2022, and, thereafter, quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on September 15, 2022.2017-05-31 FWP