To Be Included in Small-Cap Russell 2000 Index As Well
NEW YORK, June 13, 2011 /CNW/ - MDC Partners Inc. announced today that
it is set to join the U.S. broad-market Russell 3000® Index when Russell Investments reconstitutes its comprehensive set of
U.S. and global equity indexes on June 24th, according to a preliminary
list of additions posted on June 10th.
Membership in the Russell 3000, which remains in place for one year,
means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes. The Russell 3000
also serves as the U.S. component to the Russell Global Index.
"Inclusion in the Russell index, one of the most prestigious stock
market indexes, marks a significant chapter in the growth of our
business," said Miles S. Nadal, Chairman and Chief Executive Officer of
MDC Partners. "Beyond increasing MDC's visibility among investors that
look to the Russell indexes as part of their investment strategy, our
addition is recognition of our unconventional approach to winning
market share in the marketing communications industry."
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $3.9 trillion in
institutional assets currently are benchmarked to them.
"The addition of MDC to the Russell index is yet another outcome of the
hard and excellent work that we see every day from our partner
companies and the corollary superior financial performance that we have
been delivering quarter after quarter," said David Doft, Chief
Financial Officer. "We look forward to continued success, starting
with what we expect to be strong financial results in 2011."
More information about Russell Indexes, including total returns, is
available at http://www.russell.com/Indexes/data/default.asp.
About MDC Partners, Inc.
MDC is a Business Transformation Organization that utilizes technology,
marketing communications, data analytics, insights and strategic
consulting solutions to drive meaningful returns on Marketing and
Communications Investments for multinational clients in the United
States, Canada, Europe, and the Caribbean.
MDC's durable competitive advantage is to Empower the Most Talented
Entrepreneurial Thought Leaders to Drive Business Success to new levels
of Achievement, for both our Clients and our Shareholders, reinforcing
MDC's reputation as "The Place Where Great Talent Lives."
MDC Partners' Class A shares are publicly traded on NASDAQ under the
symbol "MDCA" and on the Toronto Stock Exchange under the symbol
SOURCE MDC Partners Inc.
For further information:
Chief Financial Officer