StoneMor Inc. to Join Russell 3000® and Russell Microcap® Indexes
June 25 2021 - 8:57AM
StoneMor Inc. (NYSE: STON) (“StoneMor”) today
announced that the Company will be added to the Russell 3000® and
Russell MicroCap® Indexes at the conclusion of the 2021 Russell
indexes annual reconstitution, effective after the US market opens
on June 28, according to a preliminary list of additions posted
June 4.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 7, 2021, 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.
Joe Redling, StoneMor’s President and Chief Executive Officer
said, “Inclusion in the Russell Indexes is a recognition of the
success that StoneMor has achieved in its transformation. We’re
excited to be included and believe that this inclusion will further
increase our visibility and exposure to 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 $10.6 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About StoneMor Inc.
StoneMor, headquartered in Bensalem, Pennsylvania, is an owner
and operator of cemeteries and funeral homes in the United States,
with 318 cemeteries and 88 funeral homes in 27 states and Puerto
Rico.
StoneMor’s cemetery products and services, which are sold on
both a pre-need (before death) and at-need (at death) basis,
include: burial lots, lawn and mausoleum crypts, burial vaults,
caskets, memorials, and all services which provide for the
installation of this merchandise. For additional information about
StoneMor Inc., please visit StoneMor’s website, and the investors
section, at http://www.stonemor.com.
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 $17.9
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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CONTACT: |
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Investor Relations |
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StoneMor Inc. |
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(215) 826-4438 |
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