Pacific Ethanol Added to Russell 3000, Russell 2000 and Russell Global Indexes
July 01 2014 - 8:30AM
Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading
producer and marketer of low-carbon renewable fuels in the Western
United States, announced its inclusion in the Russell 3000®,
Russell 2000® and Russell Global Indexes as a result of the annual
Russell Investments reconstitution of its comprehensive set of U.S.
and global equity indexes finalized on June 27, 2014.
Annual reconstitution of Russell's U.S. indexes captures the
4,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization. Membership in the Russell 3000, which
remains in place for one year, means automatic inclusion in
small-cap Russell 2000® Index or the large-cap Russell 1000® Index
as well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by
objective, market-capitalization rankings and style attributes. The
Russell 3000 also serves as the U.S. component to the Russell
Global Index, which Russell launched in 2007. Russell indexes are
widely used by investment managers and institutional investors for
index funds and as benchmarks for active investment strategies.
Approximately $5.2 trillion in assets are benchmarked to the
Russell Indexes. Russell calculates more than 700,000 benchmarks
daily covering approximately 98 percent of the investable market
globally, more than 80 countries and 10,000 securities. These
investment tools originated from Russell's multi-manager investment
business in the early 1980s when the company saw the need for a
more objective, market-driven set of benchmarks in order to
evaluate outside investment managers.
About Pacific Ethanol, Inc.
Pacific Ethanol, Inc. (PEIX) is the leading producer and
marketer of low-carbon renewable fuels in the Western United
States. Pacific Ethanol also sells co-products, including wet
distillers grain ("WDG"), a nutritional animal feed. Serving
integrated oil companies and gasoline marketers who blend ethanol
into gasoline, Pacific Ethanol provides transportation, storage and
delivery of ethanol through third-party service providers in the
Western United States, primarily in California, Arizona, Nevada,
Utah, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a
91% ownership interest in PE Op Co., the owner of four ethanol
production facilities. Pacific Ethanol operates and manages the
four ethanol production facilities, which have a combined annual
production capacity of 200 million gallons. These operating
facilities are located in Boardman, Oregon, Burley, Idaho,
Stockton, California, and Madera, California. The facilities are
near their respective fuel and feed customers, offering significant
timing, transportation cost and logistical advantages. Pacific
Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from
Pacific Ethanol's managed plants and from other third-party
production facilities, and another subsidiary, Pacific Ag.
Products, LLC, markets WDG. For more information please visit
www.pacificethanol.com.
CONTACT: Company IR Contact:
Pacific Ethanol, Inc.
916-403-2755
844-403-2755
Investorrelations@pacificethanol.com
IR Agency Contact:
Becky Herrick
LHA
415-433-3777
Media Contact:
Paul Koehler
Pacific Ethanol, Inc.
916-403-2790
paulk@pacificethanol.com
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