The Phoenix Companies Reached Mid-Year Milestone of $1.5 Billion (PNX, PRU)
09/12/2012

[Prudential Mortgage Capital Company has originated a $10.5 million Fannie Mae loan for an affiliate of Palatine Capital Partners Management, LLC to finance its purchase of a Jacksonville, Fla., apartment community]

Online PR News – 12-September-2012 – Las Vegas, NV – The Phoenix Companies, Inc. (NYSE:PNX) PNX has reached a mid-year milestone of $1.5 billion in fixed indexed annuity funds under management, two and a half years after starting the business from scratch. A former variable annuity player, Phoenix shifted its focus to the middle market in 2009 and began building a fixed indexed annuity product line. PNX is a boutique life insurance and annuity company serving customers’ retirement and protection needs through select independent distributors. Headquartered in Hartford, Connecticut, Phoenix has a history of keeping its promises since 1851. For more information, visit www.phoenixwm.com.

Prudential Financial, Inc. (NYSE:PRU) Prudential Mortgage Capital Company has originated a $10.5 million Fannie Mae loan for an affiliate of Palatine Capital Partners Management, LLC to finance its purchase of a Jacksonville, Fla., apartment community. Prudential Mortgage Capital Company is the commercial mortgage lending business of PRU. Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $72 billion in assets under management and administration as of June 30, 2012. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $69.2 billion, as of June 30, 2012. For more information, please visit http://www.prumortgagecapital.com. PRU, a financial services leader with approximately $961 billion of assets under management as of June 30, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/

Crown Equity Holdings Inc. (CRWE) CRWE has launched two online service companies CRWE Direct (www.crwedirect.com) and CRWE Real Estate (www.crwerealestate.com). CRWE launched CRWE Real Estate to provide a global portal for property listings at a fee of only $1 a day. CRWE Real Estate mission is to empower consumers with information and tools to make smart decisions about homes, real estate and mortgages. CRWE Direct is an online business-to-business marketplace for manufacturers and small to large businesses to purchase various types of merchandise. Manufacturers may start downloading their product immediately, free of charge during the next six months. Thereafter, there will be various annual fees. The listing process and image loading for both sites are user-friendly. CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com.

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