The Phoenix Companies, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of The Phoenix Companies, Inc. (NYSE: PNX) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Phoenix Companies, Inc. (“Phoenix” or the “Company”) (NYSE: PNX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Nassau Reinsurance Group Holding L.P. (“Nassau”), in a transaction valued at approximately $217.2 million.

Under the terms of the agreement, shareholders of Phoenix will receive $37.50 per share in cash for each share of Phoenix they own.

The investigation concerns whether Phoenix’s board of directors failed to adequately shop the Company and obtain the best possible value for Phoenix’s shareholders before entering into an agreement with Nassau.

If you own the common stock of Phoenix and purchased your shares before September 29, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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