NEW YORK, June 23, 2016 /PRNewswire/ -- Lindblad
Expeditions Holdings, Inc. (NASDAQ: LIND; "Lindblad", the
"Company"), a global provider of expedition cruises and adventure
travel experiences, announced today that it expects to join the
Russell 2000® Index at the conclusion of the Russell US Indexes and
Russell Global Indexes annual reconstitution, effective after the
U.S. market opens on June 27,
2016.
Annual reconstitution of the Russell US indexes captures the
4,000 largest US stocks as of the end of May, ranking them by total
market capitalization. Membership in the US all-cap Russell 3000®
Index and the Russell Global Index, which remain 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 and sector and country indexes. FTSE
Russell determines membership for its Russell indexes by objective,
market-capitalization rankings and style attributes.
"Being added to the Russell 2000 which serves as a benchmark for
small-cap stocks in the US is a gratifying milestone for the
company, and should serve to increase our exposure among investors
and add value for our shareholders," said Sven-Olof Lindblad, President and Chief
Executive Officer of Lindblad.
Indexes provided by FTSE Russell, a leading global index
provider, are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $6 trillion
in assets are benchmarked against the Russell US indexes.
About Lindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings, Inc. is an expedition travel
company that works in partnership with National Geographic on its
ship-based voyages to inspire people to explore and care about the
planet. The organizations work in tandem to produce innovative
marine expedition programs and to promote conservation and
sustainable tourism around the world. The partnership's
educationally oriented voyages allow guests to interact with and
learn from leading scientists, naturalists and researchers while
discovering stunning natural environments, above and below the sea,
through state-of-the-art exploration tools.
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
$10 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 client
collaboration 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.
Forward Looking Statement
This release contains "forward-looking statements" intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and
uncertainties that could cause results to differ materially from
those expected. Stockholders, potential investors and other readers
are urged to consider these factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are made only as of the date of this press
release and Lindblad undertakes no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise. More detailed information
about factors that may affect our performance may be found in our
filings with the SEC, which are available at http://www.sec.gov
or at http://www.expeditions.com in the Investor Relations
section of Lindblad's website.
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SOURCE Lindblad Expeditions Holdings, Inc.