News and Financial Information

Important Information Regarding Acquisition Of Protective Life Corporation

On February 1, 2015, Protective Life Corporation (“Protective”) (NYSE ticker: PL) announced completion of the acquisition of Protective by The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in accordance with the previously announced Agreement and Plan of Merger dated June 3, 2014, among Protective, Dai-ichi Life, and DL Investment (Delaware), Inc. 

As a result of the merger, each outstanding share of Protective’s common stock has converted into the right to receive $70 per share in cash.  Protective’s common stock has ceased trading and has been delisted from the New York Stock Exchange.

Computershare Inc. has been appointed exchange agent with respect to the Protective common stock. Computershare will send to stockholders who hold stock certificates a letter of transmittal containing instructions on how their shares may be exchanged for payment of the merger consideration. Stockholders who hold book-entry shares (those shares which are held electronically or in non-paper form) will receive their proceeds automatically from Computershare. 

Protective stockholders with questions regarding their shares of common stock or the exchange of such shares should contact Computershare Inc. directly at:

Computershare Trust Company, NA
Corporate Action Department
250 Royall Street
Canton, MA 02940

Toll Free: 877-248-4237 (inside the US and Canada)
781-575-2765 (outside the US and Canada)

Company Contact

Brittnie Bordonaro
Corporate Communications
Protective Life Corporation
(205) 268-8611

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