Nassau NewsHartford, Conn., Feb. 10, 2016 – The Phoenix Companies, Inc. (“Phoenix” or the “company”) (NYSE:PNX) today announced that it has extended the expiration date of its previously announced solicitation of bondholders holding its 7.45% Quarterly Interest Bonds due 2032 (CUSIP 71902E 20 8) (NYSE:PFX) to amend the indenture governing the bonds.
The solicitation was previously scheduled to expire at 5:00 p.m., New York City time, on Feb. 9, 2016, and the consents received as of that time represent significantly more than a majority in principal amount of the outstanding bonds. However, on Feb. 9, 2016, Phoenix became aware of a lawsuit brought against it relating to the solicitation. Phoenix believes the case is without merit and is extending the solicitation to evaluate its options.
Hartford, Conn., Jan. 22, 2016 – The Phoenix Companies, Inc. (NYSE:PNX) (“Phoenix” or the “company’) today announced Bonnie J. Malley, chief financial officer, intends to leave the company upon completion of the previously announced merger with Nassau Reinsurance Group Holdings, L.P. (“Nassau”) to take a position with the City of Hartford, subject to approval by the City Council. Upon completion of the merger, which is expected in early 2016, the company intends to appoint Ernest McNeill Jr., currently senior vice president and chief accounting officer at Phoenix, as chief financial officer.
