Whitestone REIT to be Added to the S&P SmallCap 600 Index, Effective Prior to the Market Open on September 13, 2017
September 11 2017 - 8:51PM
S&P Dow Jones Indices announced, after the closing bell on
Friday, Sept 8th, that Whitestone REIT (NYSE:WSR) will replace CDI
Corp. (NYSE:CDI) in the S&P SmallCap 600 Index effective prior
to the open on Wednesday, September 13th.
CEO CommentsWhitestone’s Chairman
and Chief Executive Officer James C. Mastandrea commented, “We are
very pleased to be included in the S&P Small Cap 600 Index as
it serves as yet another milestone reached in our continued
growth.” He added, “By meeting the rigorous financial investability
criteria of the S&P Indices, the inclusion in the Small Cap 600
certainly further validates our story. We are excited that S&P
Global recognized our growth trajectory, but more importantly, the
viability and sustainability of our E-commerce resistant business
model, which we believe will ultimately reward our shareholder base
over the long term.” Mr. Mastandrea concluded, “I especially
want to take this opportunity to congratulate and show my gratitude
to the Whitestone team members. It was their hard work and
dedication that took this firm from the turnaround story it was 10
years ago, to the successful growth story that it is today.”
About Whitestone REITWhitestone is
a Community-Centered retail REIT that acquires, owns, manages,
develops and redevelops high quality “E-commerce resistant”
neighborhood, community and lifestyle retail centers principally
located in the largest, fastest-growing and most affluent markets
in the Sunbelt. Whitestone’s optimal mix of national, regional and
local tenants provides daily necessities, needed services and
entertainment to the respective communities which are not readily
available online.
About S&P Dow Jones
IndicesS&P Dow Jones Indices is the largest global
resource for essential index-based concepts, data and research, and
home to iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®. More assets are
invested in products based on our indices than products based on
indices from any other provider in the world. Since Charles Dow
invented the first index in 1884, S&P DJI has become home to
over 1,000,000 indices across the spectrum of asset classes that
have helped define the way investors measure and trade the
markets.
S&P Dow Jones Indices is a division of S&P
Global (NYSE:SPGI), which provides essential intelligence for
individuals, companies, and governments to make decisions with
confidence. For more information, visit www.spdji.com.
Forward-Looking StatementsCertain
statements contained in this press release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the “Securities Act”) and
Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). The Company intends for all such forward-looking
statements to be covered by the safe-harbor provisions for
forward-looking statements contained in Section 27A of the
Securities Act and Section 21E of the Exchange Act, as applicable.
Such information is subject to certain risks and uncertainties, as
well as known and unknown risks, which could cause actual results
to differ materially from those projected or anticipated.
Therefore, such statements are not intended to be a guarantee of
the Company’s performance in future periods. Such forward-looking
statements can generally be identified by the Company’s use of
forward-looking terminology, such as “may,” “will,” “plan,”
“expect,” “intend,” “anticipate,” “believe,” “continue” or similar
words or phrases that are predictions of future events or trends
and which do not relate solely to historical matters, and include,
without limitation, the Company’s beliefs and intentions regarding
the impact and results of the disposition and transition to a
pure-play retail REIT and other factors detailed in the Company's
most recent Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and other documents the Company files with the Securities and
Exchange Commission. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company cannot guarantee the
accuracy of any such forward-looking statements contained in this
press release, and the Company does not intend to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise.
Contact Whitestone REIT:Kevin
ReedDirector of Investor Relations(713)
435-2219kreed@whitestonereit.com
C D I (NYSE:CDI)
Historical Stock Chart
From Jul 2024 to Aug 2024
C D I (NYSE:CDI)
Historical Stock Chart
From Aug 2023 to Aug 2024