VIRGINIA BEACH, Va.--(BUSINESS WIRE)--
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler”
or the “Company”), a company specializing in owning, acquiring,
financing, developing, renovating, leasing and managing income producing
assets, such as community centers, neighborhood centers, strip centers
and free-standing retail properties, today announced that the Company
has been selected to join the Russell Microcap® Index as part of Russell
Investments reconstitution of its comprehensive set of U.S. and global
equity indexes. The final 2014 reconstitution of the Russell Indexes
took place after the market closed on June 27, 2014, and final
membership lists was posted on June 30, 2014 on www.russell.com,
with trading in the reconstituted indexes commencing at the opening of
the stock market today.
Membership in the Russell Microcap Index, which remains in place for one
year, results in automatic inclusion in the appropriate growth and value
style indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
Jon S. Wheeler, Chairman and Chief Executive Officer, stated, “We are
very proud to be included in the Russell Microcap® Index. We believe
inclusion in the index will increase Wheeler’s visibility among
institutional investors and that it is a significant step forward for
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Russell calculates more than 700,000 benchmarks daily
covering approximately 98% of the investable market globally, 80
countries and more than 10,000 securities. Approximately $5.2 trillion
in assets are benchmarked to the Russell indexes.
Annual reconstitution of Russell indexes captures 4,000 U.S. stocks as
of the end of May, ranking them by total market capitalization to create
the Russell 3000® Index and Russell Microcap Index. These investment
tools originated from Russell’s multi-manager investment business in the
early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside investment
Total returns data for the Russell Microcap and other Russell Indexes is
available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About Wheeler Real Estate Investment Trust Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment
Trust, Inc. specializes in owning, acquiring, financing, developing,
renovating, leasing and managing income producing assets, such as
community centers, neighborhood centers, strip centers and free-standing
retail properties. Wheeler’s portfolio contains strategically selected
properties, primarily leased by nationally and regionally recognized
retailers of consumer goods and located in the Northeast, Mid-Atlantic,
Southeast and Southwest regions of the United States.
Additional information about Wheeler Real Estate Investment Trust, Inc.
can be found at the Company’s corporate website: www.whlr.us.
Wheeler Real Estate Investment Trust, Inc. (the "Company") considers
portions of the information in this press release to be forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934, both as
amended. Although the Company believes that the expectations reflected
in such forward-looking statements are based upon reasonable
assumptions, it can give no assurance that its expectations will be
achieved. For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward-looking statements. There
are a number of important factors that could cause the Company's
operations to differ from those indicated by such forward-looking
statements. For additional information regarding these factors that
could cause the operations of the Company to differ materially from
those indicated in the forward-looking statements, please refer to the
Company's filings with the U.S. Securities and Exchange Commission which
are available for review at www.sec.gov.
The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise
after the date hereof.
Wheeler Real Estate Investment Trust Inc.
The Equity Group Inc.
Source: Wheeler Real Estate Investment Trust, Inc.