Medallion Financial Corp. Set to Join Russell 3000® Index
June 10 2019 - 4:30PM
Business Wire
Medallion Financial Corp. (Nasdaq: MFIN) announced today that,
according to a preliminary list of additions posted on June 7,
2019, it is set to join the broad-market Russell 3000® Index at the
conclusion of the 2019 Russell indexes annual reconstitution, which
will be effective after the US market opens on July 1, 2019.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 10, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“We are pleased to have been recognized in the broad-market
Russell 3000® Index,” stated Andrew Murstein, President of
Medallion Financial. “We have worked diligently in executing our
strategy to create shareholder value and believe our inclusion in
the Russell Index represents an opportunity to continue to increase
our visibility and stature within the investment community.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
About Medallion Financial Corp.
Medallion Financial Corp. is a finance company that originates
and services loans in various industries, and its wholly-owned
subsidiary, Medallion Bank, also originates and services consumer
loans. Medallion Financial Corp. has lent more than $8.4 billion
since its initial public offering in 1996.
Please note that this press release contains forward-looking
statements that involve risks and uncertainties relating to
business performance, cash flow, costs, sales, net investment
income, earnings, and growth. Medallion Financial’s actual results
may differ significantly from the results discussed in such
forward-looking statements. Factors that might cause such a
difference include, but are not limited to, those factors discussed
under the heading “Risk Factors,” in Medallion Financial’s 2018
Annual Report on Form 10-K.
About FTSE Russell
FTSE Russell is a global index leader 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 $16
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 customer
partnerships 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
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version on businesswire.com: https://www.businesswire.com/news/home/20190610005732/en/
Company:Alex ArzenoInvestor
Relations212-328-2176InvestorRelations@medallion.com
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