SANTA MONICA, Calif.--(BUSINESS WIRE)--
Leaf
Group Ltd. (NYSE: LFGR), a diversified Internet company comprised of
several marketplace and media properties, today announced that it was
added to the Russell 2000 Index and the broad-market Russell 3000 Index
as part of the annual reconstitution of its comprehensive set of U.S.
and global equity indexes. The Russell index changes will be in effect
when the U.S. market opens today, June 26, 2017.
“We are excited to be added to the Russell 2000, which serves as a
standard for publicly traded stocks, and should increase our exposure
among investors. This milestone for Leaf Group reflects the benefit of
our hard work to transform our core businesses over the past two years,
which has put the company on a path to return to growth,” said Sean
Moriarty, Chief Executive Officer of Leaf Group.
Annual Russell indexes reconstitution captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market
capitalization. Membership in the U.S. 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 indices primarily by objective,
market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $8.4 trillion in assets are benchmarked
against Russell’s U.S. 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 Leaf Group
Leaf Group Ltd. (NYSE:LFGR) is a diversified Internet company that
builds platforms across its marketplaces (Society6, Saatchi Art, Deny
Designs and The Other Art Fair) and various media properties (including
Livestrong.com, eHow and Cuteness) to enable communities of creators to
reach passionate audiences in large and growing lifestyle categories. In
addition, Leaf Group’s diverse advertising offerings help brands and
publishers find innovative ways to engage with their customers. For more
information about Leaf Group, visit www.leafgroup.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding activities, events or developments that the Company
or management intends, expects or believes will or may occur in the
future are forward-looking statements. Such statements are made by
management based on their experience, current expectations and other
factors they deem appropriate, including certain assumptions related
thereto, but they are not guarantees of future performance.
Forward-looking statements involve risks and uncertainties that could
cause actual results or developments to differ materially from those
indicated due to a number of factors affecting the Company’s operations,
markets, products and services. The Company identifies the principal
risks and uncertainties that impact its performance in its public
reports filed with the Securities and Exchange Commission, including the
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition” sections of the Company’s most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking
statements speak only as of the date on which they are made and the
Company assumes no obligation to update any forward-looking statements.
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Source: Leaf Group Ltd.