The Phoenix Companies (PNX) Announces Reverse Stock Split

June 28, 2012 4:49 PM EDT
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The Phoenix Companies, Inc. (NYSE: PNX) announced a 1-for-20 reverse stock split of Phoenix common stock.

Phoenix anticipates the reverse stock split will be effective after the close of all trading on August 10, 2012, and Phoenix common stock will begin trading on a split adjusted basis on the New York Stock Exchange (NYSE) at the opening of trading on August 13, 2012.

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