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Important Information Regarding Acquisition of The Phoenix Companies, Inc.
On June 20, 2016, The Phoenix Companies, Inc. (NYSE:PNX) ("Phoenix") announced the completion of the acquisition of Phoenix by Nassau Reinsurance Group Holdings, L.P. ("Nassau Re") in accordance with the previously announced Agreement and Plan of Merger dated September 28, 2015. Phoenix is now a privately held, wholly owned subsidiary of Nassau Re, serving as its U.S. life and annuity platform.
Phoenix stockholders have the right to receive $37.50 in cash, without interest, for each share of common stock owned immediately before the transaction was effected at the close of business on June 20, 2016. Phoenix’s common stock has ceased trading and has been delisted from the New York Stock Exchange.
No changes were made to insurance policies or annuities with Phoenix as a result of the merger with Nassau. Phoenix will continue to offer quality life insurance and annuity products, and Phoenix is here to support you from the existing Hartford, Connecticut, headquarters and East Greenbush, New York, service center.
Computershare Inc. ("Computershare") has been appointed paying agent with respect to the Phoenix common stock. Computershare will send to stockholders who hold stock certificates or a combination of stock certificates and book-entry shares, a letter of transmittal containing instructions on how their shares may be exchanged for payment of the merger consideration. Stockholders who hold only book-entry shares (those shares which are held electronically or in non-paper form) will receive their proceeds automatically from Computershare.
Phoenix stockholders with questions regarding their shares of common stock or the exchange of such shares should contact Computershare Inc. directly at:
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Sep 19, 2016