LINCOLN, Neb., March 22, 2021 /PRNewswire/ -- Midwest Holding
Inc. ("Midwest") (NASDAQ: "MDWT"), a rapidly growing,
technology-enabled, services-oriented annuity platform, announced
that it has been added to the Russell 2000® Index as a part of the
index's quarterly initial public offering (IPO) additions.
"Joining the Russell 2000® Index is a meaningful achievement for
Midwest and one which we hope will increase overall awareness and
exposure to investors," said Michael Salem, Co-CEO of Midwest
Holding. "Our inclusion reflects the direction that Midwest
is headed as we continue to grow and deliver value for our
stakeholders."
Russell Indices are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies.
For more information on the FTSE Russell 2000 Index IPO
additions, please visit the IPO additions section of FTSE
Russell website.
About Midwest Holding Inc.
Midwest Holding Inc. is a rapidly growing, technology-enabled,
services-oriented annuity platform. Midwest designs and develops
in-demand annuity products that are distributed through independent
distribution channels, to a large and growing demographic of U.S.
retirees. Midwest originates, manages and transfers these annuities
through reinsurance arrangements to asset managers and other
third-party investors, who are actively seeking these financially
attractive products. Midwest also provides the operational and
regulatory infrastructure and expertise to enable asset managers
and third-party investors to form, capitalize and manage their own
reinsurance capital vehicles.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the Securities and Exchange Act of 1934, as amended,
including statements of goals, intentions, and expectations as to
future trends, plans, events or results of Company operations and
policies and regarding general economic conditions. These
forward-looking statements are based on current expectations that
involve risks, uncertainties and assumptions, including those
relating to the global COVID-19 pandemic and associated potential
impacts on the Company and its financial condition and results of
operations. Because of these uncertainties and the
assumptions on which the forward-looking statements are based,
actual future operations and results in the future may differ
materially from those indicated herein and include whether our
inclusion in the Russell 2000 Index represents a meaningful
achievement that will create awareness and exposure to
investors. Readers are cautioned against placing undue
reliance on any such forward-looking statements. For details
on factors that could affect these expectations, see the risk
factors and other cautionary language included in the Company's
filings with the SEC, which can be obtained online at the website
of the U.S. Securities and Exchange Commission at
http://www.sec.gov. Except as required by law, the Company does not
undertake to update forward-looking statements contained in this
release.
Contacts
For more information, please visit www.midwestholding.com
Investor contact: ir@midwestholding.com
Media inquiries: press@midwestholding.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/midwest-holding-inc-joins-russell-2000-index-301252808.html
SOURCE Midwest Holding Inc.