Phoenix Names Paul Cahill Associate National Sales Director for Asset Management

Phoenix Investment Partners, Ltd., the investment management subsidiary of The Phoenix Companies, Inc. (NYSE: PNX), has named Paul Cahill associate national sales director for the company’s asset management unit. In this position, Cahill, formerly vice president and external wholesaler for the PIMCO Advisors unit of Allianz Global Investors, will lead Phoenix’s sales desk, which supports financial advisors who sell the company’s investment products, including the Phoenix Funds and separately managed accounts. He reports to Steve Gresham, executive vice president of Phoenix Investment Partners and senior vice president of The Phoenix Companies. "We have a distinctive product portfolio, including unique mutual funds, and have solid momentum in the market. By bringing Paul on board, we are further strengthening the sales support we provide advisors,” said Gresham. "Paul has experience developing and maintaining excellent relationships with partner firms, and we look forward to having him help us grow marketplace recognition of Phoenix’s investment products.” Cahill will be located at Phoenix’s Hartford headquarters and can be reached at 860-403-6412 or paul.cahill@phxinv.com. Cahill joins Phoenix from PIMCO Advisors/Allianz Global Investors, where he worked since 1998, most recently as vice president and external wholesaler in PIMCO’s Stamford, Connecticut office. Previously he was the internal sales desk supervisor at PIMCO. He is a graduate of Southern Connecticut State University and lives in Northford, Connecticut. Phoenix offers a diversified mix of investments from 17 respected money managers, with a specialized expertise in alternative investments in addition to core investment strategies. This emphasis on quality and choice gives individuals, businesses and institutions access to products that fit their financial goals. Phoenix Investment Partners, Phoenix’s principal asset management subsidiary, provides individuals and institutions with disciplined money management through a number of investment affiliates, and offers managed accounts, mutual funds, institutional asset management, closed-end funds and alternative financial products. For more information, visit www.phoenixfunds.com. With roots dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps individuals and institutions solve their diverse and often highly complex personal financial and business planning needs through its broad array of life insurance, annuity and investment products and services. In 2006, Phoenix had annual revenues of $2.6 billion and total assets of $29.0 billion. For more information, visit www.phoenixwm.com Note to editors: An electronic image of Paul Cahill is available from joe.fazzino@phoenixwm.com Securities are distributed by Phoenix Equity Planning Corporation, member NASD and subsidiary of Phoenix Investment Partners, Ltd., a member of The Phoenix Companies, Inc. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Read the prospectus carefully before you invest. Call 1-800-243-4361 or visit www.PhoenixFunds.com for a prospectus, which contains this and other information about our funds.