Cinedigm Set to Join Russell Microcap® Index
June 11 2018 - 9:00AM
Cinedigm Corp. (NASDAQ:CIDM), is set to join the Russell Microcap®
Index at the conclusion of the Russell US Indexes annual
reconstitution, effective after the US market opens on June 25,
according to a preliminary list of additions posted June
8.
Membership in the Russell Microcap® Index, which
remains in place for one year, means automatic inclusion in the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell US Indexes primarily by objective,
market-capitalization rankings and style attributes.
“Inclusion in the Russell Microcap Index
underscores the progress we are making to increase shareholder
value by expanding the distribution of premium entertainment
content and streaming OTT channels globally,” said Chris McGurk,
Cinedigm Chairman and CEO. “Inclusion in the Index significantly
benefits our company and shareholders by elevating our visibility
within the global investment community and by building increased
global recognition of the Cinedigm brand.”
Russell US Indexes are widely used by investment
managers and institutional investors as the basis for index funds
and as benchmarks for active investment strategies. Approximately
$9 trillion in assets are benchmarked against Russell US Indexes.
Russell US Indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell Microcap® Index
and the Russell US Indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About FTSE Russell
FTSE Russell is a leading global index provider
creating and managing a wide range of indexes, data and analytic
solutions to meet client needs across asset classes, style and
strategies. Covering 98% of the investable market, FTSE Russell
indexes offer a true picture of global markets, combined with the
specialist knowledge gained from developing local benchmarks around
the world.
FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $16.2 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 investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management.
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 index innovation and
customer partnership applying the highest industry standards and
embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group.
For more information, visit
www.ftserussell.com.
About Cinedigm
Cinedigm powers custom content solutions to the
world’s largest retail, media and technology companies. We provide
premium feature films and series to digital platforms including
iTunes, Netflix, and Amazon, cable and satellite providers
including Comcast, Dish Network and DirecTV, and major retailers
including Walmart and Target. Leveraging Cinedigm’s unique
capabilities, content and technology, the Company has emerged as a
leader in the fast-growing over-the-top (OTT) channel business,
with four channels under management that reach hundreds of millions
of devices while also providing premium content and service
expertise to the entire OTT ecosystem. Learn more about Cinedigm at
www.cinedigm.com.
In November 2017, Bison Capital became
the beneficial owner of the majority of Cinedigm’s outstanding
Class A Common Stock. Bison Capital is a Hong Kong-based
investment company with a focus on the media and entertainment,
healthcare and financial service industries. Founded by Mr. Peixin
Xu in 2014, Bison Capital has made multiple investments in film and
TV production, film distribution and entertainment-related mobile
Internet services.
Cinedigm is now working closely with Bison to
develop plans and forge partnerships to release entertainment
content and develop OTT channels in China while, reciprocally,
releasing Chinese content and new OTT channels in North
America.
Cinedigm™ and Cinedigm Digital Cinema Corp™ are
trademarks of Cinedigm Corp. www.cinedigm.com. [CIDM-E]
Safe Harbor Statement
Investors and readers are cautioned that certain
statements contained in this document, as well as some statements
in periodic press releases and some oral statements of Cinedigm
officials during presentations about Cinedigm, along with
Cinedigm's filings with the Securities and Exchange Commission,
including Cinedigm's registration statements, quarterly reports on
Form 10-Q and annual report on Form 10-K, are "forward-looking''
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act''). Forward-looking statements include
statements that are predictive in nature, which depend upon or
refer to future events or conditions, which include words such as
"expects," "anticipates,'' "intends,'' "plans,'' "could," "might,"
"believes,'' "seeks," "estimates'' or similar expressions. In
addition, any statements concerning future financial performance
(including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future actions,
which may be provided by Cinedigm's management, are also
forward-looking statements as defined by the Act. Forward-looking
statements are based on current expectations and projections about
future events and are subject to various risks, uncertainties and
assumptions about Cinedigm, its technology, economic and market
factors and the industries in which Cinedigm does business, among
other things. These statements are not guarantees of future
performance and Cinedigm undertakes no specific obligation or
intention to update these statements after the date of this
release.
For more information:Jill Newhouse
CalcaterraCinedigmjcalcaterra@cinedigm.com 310-466-5135
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