FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of a Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month(s) of: July 13, 1999
NEWCOURT CREDIT GROUP INC.
Newcourt Centre, 207 Queens Quay West
Suite 700
Toronto, Ontario
Canada, M5J 1A7
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.]
Form 20-F / / Form 40-F /X/
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
Yes / / No /X/
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b)]
82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: July 13, 1999
NEWCOURT CREDIT GROUP INC.
/__________________________/
By: John P. Stevenson
Corporate Secretary
News Release
For Immediate Release
Trading Symbol: NCT Media Contact: Rick Perkins
(416) 507-5437
Exchange Listing: Toronto
Montreal
New York
Newcourt Responds to TSE Request for Comment on Globe and Mail Report
TORONTO, Canada, July 13, 1999 - Newcourt Credit Group in response to a
request from the Toronto Stock Exchange today said that a story in the Report
on Business section of the Globe and Mail claiming that Newcourt and CIT have
agreed to a revised exchange ratio of 0.65 of a CIT share for each Newcourt
share is inaccurate and speculative.
In commenting on the story Newcourt said, "Discussions with CIT are ongoing.
There has been no amendment to the original exchange ratio of 0.92 established
in the March 8th, 1999 business combination agreement."
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