SEATTLE, June 28, 2016 /PRNewswire/ -- WMIH Corp.
(NASDAQ: WMIH) (the "Company" or "WMIH") today announced that it
has been added to the Russell 2000® Index.
William C. Gallagher, the Chief
Executive Officer of WMIH, stated, "We are very pleased to be
included in the Russell 2000® Index. This is an important
milestone for the Company and represents an opportunity to increase
our visibility within the investment community."
Annual reconstitution of the Russell US indexes captures the
4,000 largest US stocks as of the end of May, ranking them by total
market capitalization. The Russell 2000® Index measures the
performance of approximately 2,000 of the leading small company
stocks in the United States. It
represents a subset of approximately 2,000 small-cap companies in
the Russell 3000® Index and serves as a benchmark for small-cap
stocks in the United States.
Russell determines membership for its equity indices primarily by
objective, market-capitalization rankings, and style
attributes.
Indexes provided by FTSE Russell, a leading global index
provider, are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $6 trillion
in assets are benchmarked against the Russell US indexes.
For more information on the Russell 2000® Index and the Russell
US Indexes reconstitution, go to the "Russell Reconstitution"
section on the FTSE Russell website.
About WMIH Corp.
WMIH Corp. (NASDAQ: WMIH) is a corporation duly organized and
existing under the laws of the State of
Delaware. WMIH is the direct parent of WM Mortgage
Reinsurance Company, Inc., a Hawaii corporation ("WMMRC"), and WMI
Investment Corp., a Delaware
corporation. On March 19, 2012, WMIH
emerged from bankruptcy proceedings as the successor to Washington
Mutual, Inc. Upon emergence from bankruptcy, we had limited
operations other than WMMRC's legacy reinsurance business, which is
being operated in runoff mode and has not written any new business
since September 26, 2008. We continue
to operate WMMRC's business in runoff mode and we are actively
seeking acquisition opportunities across a broad array of
industries.
About FTSE Russell
FTSE Russell is a global index leader and data provider that
provides innovative benchmarking, analytics and data solutions for
investors worldwide. FTSE Russell calculates thousands of
indexes that measure and benchmark markets and asset classes in
more than 70 countries, covering 98% of the investable market
globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$10 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset owners,
asset managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance, and embraces the IOSCO principles.
FTSE Russell is also focused on index innovation and client
collaboration as it seeks to enhance the breadth, depth and reach
of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
Safe Harbor Statement Under the U.S. Private Securities
Litigation Reform Act of 1995
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact included in this press
release that address activities, events, conditions or developments
that we expect, believe or anticipate will or may occur in the
future are forward-looking statements. Forward-looking statements
give our current expectations and projections relating to our
financial condition, results of operations, plans, objectives,
future performance and business and these statements are not
guarantees of future performance. These statements can be
identified by the fact that they do not relate strictly to
historical or current facts. Forward-looking statements may include
the words "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "strategy," "future," "opportunity," "may,"
"should," "will," "would," "will be," "will continue," "will likely
result," and similar expressions. Such forward-looking statements
involve risks and uncertainties that may cause actual events,
results or performance to differ materially from those indicated by
such statements. Some of these risks are identified and discussed
under "Risk Factors" in the Company's most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q or
Current Report on Form 8-K. These risk factors will be important to
consider in determining future results and should be reviewed in
their entirety. These forward-looking statements are expressed in
good faith and we believe there is a reasonable basis for them.
However, there can be no assurance that the events, results or
trends identified in these forward-looking statements will occur or
be achieved. Forward-looking statements speak only as of the date
they are made, and we do not undertake to update any
forward-looking statement, except as required by law.
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SOURCE WMIH Corp.