New York, New York, June 13, 2011 – MDC Partners Inc. announced today that it is set to join the U.S. broad-market Russell 3000Ò 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 2000Ò 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 “MDZ.A”.
MDC Partners Inc.
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