UNITED STATES
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): September 30, 2008
The Phoenix Companies, Inc.
(Exact name of registrant as specified in its charter)
| | | | |
Delaware | | 001-16517 | | 06-1599088 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
One American Row, Hartford, CT | | 06102 -5056 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (860) 403-5000
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
In light of recent events regarding Wachovia Corporation (“Wachovia”), The Phoenix Companies, Inc. (the “Company”) provides disclosure regarding its holdings in its investment portfolio related to Wachovia and its affiliates as of September 30, 2008. The Company’s investment portfolio had approximately $14.9 billion in invested assets as of September 30, 2008.
Phoenix Issuer Exposure
Amortized Cost as of September 30, 2008
($ in millions)
| | | | |
| | | Wachovia | |
GICs | | | — | |
Senior Debt | | $ | 3.2 | |
Subordinated Debt | | $ | 36.1 | |
Preferred Stock | | | — | |
Common Stock | | | — | |
CDS | | | — | |
Securities Lending | | | — | |
Commercial Paper | | | — | |
Derivatives1 | | $ | 11.1 | |
Total | | $ | 50.4 | |
% Total Invested Assets | | | 0.34 | % |
Amount in Closed Block | | $ | 30.9 | |
1 | Market value as of September 30, 2008. |
* * * *
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.
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| | | | THE PHOENIX COMPANIES, INC. |
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| Date: October 1, 2008 | | | | By: | | /s/ Peter A. Hofmann |
| | | | | | | | Name: Peter A. Hofmann Title: Senior Executive Vice President and Chief Financial Officer |
