Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Investment VIPs

Phoenix Plows Ahead With Virtus Spin-Off

Your article was successfully shared with the contacts you provided.

A financial services company says it is proceeding with efforts to split its insurance and asset management operations.

Phoenix Companies Inc., Hartford, says it has filed a registration form amendment with the U.S. Securities and Exchange Commission that answers SEC questions about the registration form, which was filed in June.

Phoenix says it still hopes to spin off the asset-management subsidiary, Phoenix Investment Partners Ltd., this fall, by giving Phoenix Investment Partners to Phoenix shareholders.

The Phoenix Investment Partners subsidiary would be renamed Virtus Investment Partners Inc.

Before Phoenix conducts the spin-off, it will mail the registration statement to all shareholders, Phoenix says.

Units of Goldman Sachs Group Inc., New York, and Wachovia Corp., Charlotte, N.C., are acting as financial advisors in connection with the transaction, Phoenix says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.