MicroFinancial Set to Join Russell 3000(R) and Russell Global Indexes
BURLINGTON, Mass., June 12, 2012 (GLOBE NEWSWIRE) -- MicroFinancial Incorporated (MFI) a financial intermediary specializing in vendor based leasing and finance programs for microticket transactions, today announced that it is set to join the Russell 3000 and Global Indexes when Russell Investments reconstitutes its equity indexes on June 25, 2012, according to a preliminary list of additions posted June 8, 2012, on www.russell.com .
Membership in the Russell 3000 and Russell Global Indexes means automatic inclusion in the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
"Our shareholders should benefit from the increased visibility that comes with our inclusion in the Russell 3000 and Russell Global Indexes," said Richard Latour, President and Chief Executive Officer. "We are committed to enhancing long-term shareholder value and this news reflects a milestone in the success of our strategies to drive disciplined growth and enhance returns."
MicroFinancial Inc. (Nasdaq:MFI), headquartered in Burlington, MA, is a financial intermediary specializing in microticket leasing and financing. The Company has been in operation since 1986.
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Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
Russell has approximately $155 billion in assets under management (as of 3/31/2012) and works with 2,400 institutional clients, more than 580 independent distribution partners and advisors, and individual investors globally. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
Statements in this release that are not historical facts, including statements about future dividends or growth plans, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "anticipates," "expects," "views," "will" and similar expressions are intended to identify forward-looking statements. We caution that a number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Readers should not place undue reliance on forward-looking statements, which reflect our views only as of the date hereof. We undertake no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. We cannot assure that we will be able to anticipate or respond timely to changes which could adversely affect our operating results. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results or other factors may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see the risk factors described in documents that we file from time to time with the Securities and Exchange Commission.
CONTACT: Dave Mossberg Three Part Advisors, LLC Tel: 817-310-0051
Source: MicroFinancial Inc. 2012 GlobeNewswire, Inc.