Exhibit 99.1 {LOGO} PHOENIX The Phoenix Companies, Inc. N E W S R E L E A S E One American Row PO Box 5056 Hartford CT 06102-5056 PhoenixWealthManagement.com For: Immediate Release Contact: Media Relations: Alice S. Ericson 860-403-5946 Investor Relations: Peter A. Hofmann 860-403-7100 THE PHOENIX COMPANIES, INC. ANNOUNCES SHAREHOLDER ODD-LOT BUY/SELL PROGRAM HARTFORD, CT, July 18, 2005 - The Phoenix Companies, Inc. (NYSE: PNX) today announced a program to provide owners of fewer than 100 shares of its common stock with a convenient, voluntary opportunity to either sell all their shares or purchase enough additional shares to increase their holdings to 100 shares. Shares will be bought or sold on the open market through a designated broker, and participating shareholders will pay or receive a market-based price per share that is uniformly applied to all transactions in a given week. The program is not a stock buyback program by the company. Requests to purchase or sell shares must be received by August 18, 2005, unless Phoenix extends the program. Shareholder questions may be directed to the program manager, Georgeson Shareholder Communications, Inc., toll-free, at 1-866-683-9257. Phoenix had approximately 269,000 shareholders and 95 million shares outstanding as of June 30, 2005. The Phoenix Companies, Inc. is a leading manufacturer of life insurance, annuity and asset management products for the accumulation, preservation and transfer of wealth. With a history dating to 1851, The Phoenix Companies, Inc. has two principal operating subsidiaries, Phoenix Life Insurance Company and Phoenix Investment Partners, Ltd. Through a variety of advisors and financial services firms, the company provides products and services to affluent and high-net-worth individuals and to institutions. Phoenix has corporate offices in Hartford, Connecticut. For more information on Phoenix, visit www.PhoenixWealthManagement.com. ###
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Phoenix Companies (PNX) Inactive 8-KRegulation FD Disclosure
Filed: 18 Jul 05, 12:00am