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EXHIBIT 99
[THE MONY GROUP LOGO] THE MONY GROUP INC. NEWS RELEASE
1740 Broadway MEDIA CONTACTS:
New York, NY 10019 Doug Myers, 212-708-2472,
212 708 2472 [email protected]
212 708 2399 Fax Christopher Breslin, 212-708-2435,
[email protected]
INVESTOR CONTACT:
Jay Davis, 212-708-2917,
[email protected]
THE MONY GROUP INC. INCREASES ANNUAL DIVIDEND
12.5 PERCENT TO $0.45 PER SHARE
NEW YORK (November 15, 2000) - The Board of Directors of The MONY Group (NYSE:
MNY) today declared an annual cash dividend of $0.45 per share of common stock.
The dividend is payable December 22, 2000 to shareholders of record December 1,
2000.
"The dividend increase reflects our strong performance over the year," said
Michael I. Roth, chairman and chief executive officer, The MONY Group. "We are
pleased to declare this dividend as a means of rewarding shareholders for their
commitment to The MONY Group."
In addition, the $0.45 per share dividend includes an enhancement that
compensates shareholders for the time value of money for the conversion from a
quarterly to an annual dividend. In 1999, the company paid quarterly dividends
of $0.10 per share over the four quarters.
The MONY Group has approximately 46,147,359 million shares of common stock
outstanding.
ABOUT THE MONY GROUP INC.
The MONY Group Inc. (NYSE: MNY) is the holding company for the member companies
of The MONY Group, which provide financial protection and asset accumulation
products and services. Member companies include MONY Life Insurance Company,
founded in 1842 as The Mutual Life Insurance Company of New York; MONY Life
Insurance Company of America; U.S. Financial Life Insurance Company; Enterprise
Capital Management, Inc.; MONY Securities Corporation; and Trusted Securities
Advisors Corp.
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