HARTFORD, Conn.--(BUSINESS WIRE)--The Phoenix Companies, Inc. (NYSE:PNX) today announced it received an extension for continued listing and trading of the company’s common stock on the New York Stock Exchange (NYSE).
The extension, subject to ongoing reassessment by the NYSE, provides the company an additional trading period up to January 31, 2014, during which it can file its Annual Report on Form 10-K for the year ended December 31, 2012 with the Securities and Exchange Commission. If the 2012 Form 10-K is not filed by January 31, 2014, the NYSE may grant an additional extension up to April 3, 2014.
During the extension period, trading of the company’s shares on the NYSE remains unaffected.
As previously reported, the delay in filing the 2012 Form 10-K is a result of restatement of financial statements for prior periods currently under way. Last month, Phoenix reported the restatement work continues to move forward, and that it intends to provide an update by October 15.
ABOUT PHOENIX
Headquartered in Hartford, Connecticut, The
Phoenix Companies, Inc. (NYSE:PNX) is a life insurance and annuity
company serving customers’ retirement and protection needs through
select independent distributors. For more information, visit www.phoenixwm.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The
foregoing contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. We intend
for these forward-looking statements to be covered by the safe harbor
provisions of the federal securities laws relating to forward-looking
statements. These forward-looking statements include statements
relating to, or representing management’s beliefs about, our future
transactions, strategies, operations, events and financial results,
including, without limitation, our expectation to provide information
within anticipated timeframes and potential penalties that may
result from failure to timely file statutory financial statements with
state regulators, and the Company’s ability to satisfy its requirements
under, and maintain the listing of its shares on, the NYSE . Such
forward-looking statements often contain words such as “will,”
“anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “is
targeting,” “may,” “should” and other similar words or expressions. Forward-looking
statements are made based upon management’s current expectations and
beliefs and are not guarantees of future performance. Our ability
to provide updated information about the restatement in the anticipated
timeframe, complete the restatement and resume a timely filing schedule
with respect to our SEC filings reflecting the restatement is subject to
a number of contingencies, including but not limited to, whether we
continue to identify errors in our consolidated financial statements,
whether existing systems and processes can be timely updated,
supplemented or replaced, and the number and complexity of, and periods
covered by, the periodic reports that we will have to file with the SEC
to reflect the restatement. Our actual business, financial condition or
results of operations may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties which
include, among others, those risks and uncertainties described in any of
our other filings with the SEC. Certain other factors which may
impact our business, financial condition or results of operations or
which may cause actual results to differ from such forward-looking
statements are discussed or included in our periodic reports filed with
the SEC and are available on our website at www.phoenixwm.com
under “Investor Relations”. You are urged to carefully consider
all such factors. We do not undertake or plan to update or revise
forward-looking statements to reflect actual results, changes in plans,
assumptions, estimates or projections, or other circumstances occurring
after the date of this news release, even if such results, changes or
circumstances make it clear that any forward-looking information will
not be realized. If we make any future public statements or
disclosures which modify or impact any of the forward-looking statements
contained in or accompanying this news release, such statements or
disclosures will be deemed to modify or supersede such statements in
this news release.
