SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 12, 1996
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The CIT Group Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-1861 13-2994534
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
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Registrant's telephone number, including area code (212) 536-1950
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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Commencing with the second quarter dividend, the dividend policy of the
Corporation was changed to require the payment of dividends by the Corporation
of 30% of net operating earnings on a quarterly basis. Such dividends are paid
to the shareholders of the Corporation, The Dai-Ichi Kangyo Bank, Limited (80%
common stock interest) and CBC Holding (Delaware) Inc., a subsidiary of The
Chase Manhattan Corporation (20% common stock interest), based upon their
respective stock ownership in the Corporation. The Corporation previously
operated under a policy requiring the payment of dividends by the Corporation of
50% of net operating earnings on a quarterly basis.
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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 hereunto duly authorized.
THE CIT GROUP HOLDINGS, INC.
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(Registrant)
By /s/ JOSEPH M. LEONE
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Joseph M. Leone
Executive Vice President and
Chief Financial Officer
Dated: April 16, 1996
