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Patriot National provides update on strategic initiatives for value creation

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Patriot National provides update on strategic initiatives for value creation

Patriot NationalInc. said April 7 that the committee of independent directors overseeingstrategic value-creating initiativescontinues to explore strategic alternatives for the company to maximize value forshareholders, including a possible sale.

Neither the committee nor the board has made a decision to enterinto any transaction or other alternative, and there are no assurances that theconsideration of strategic alternatives will result in the company entering intoa transaction or other alternative.

Evercore Group LLC is serving as financial adviser to PatriotNational in connection with this process.