Cinedigm Set to Join Russell Microcap(R) Index

Rhea-AI Summary

Cinedigm Corp. (NASDAQ:CIDM) will join the Russell Microcap® Index effective June 28, 2021, as part of the annual reconstitution. This membership, valid for one year, signifies growth in Cinedigm’s streaming business and is expected to enhance visibility to institutional investors, potentially increasing stock liquidity. Russell indexes are widely utilized for investment benchmarks, with approximately $10.6 trillion in assets linked to these indexes, reflecting Cinedigm’s integration into a significant investment landscape.

Positive

• Inclusion in the Russell Microcap Index may enhance awareness among institutional investors.
• Potential for increased stock liquidity following index inclusion.
• Validation of growth in Cinedigm's streaming business.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / June 25, 2021 / Cinedigm Corp. (NASDAQ:CIDM) is set to join the Russell Microcap^® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4^th.

Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"Cinedigm's addition to the index validates our streaming business growth over the last year and has the potential to enhance awareness with a broader set of institutional investors and further increase our stock's liquidity," said Chris McGurk Chairman and CEO of Cinedigm.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

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 $17.9 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 customer partnerships 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.

About Cinedigm
For more than twenty years, Cinedigm (NASDAQ:CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming channels and technology services to the world's largest media, technology and retail companies. For more information, visit http://www.cinedigm.com/.

Press Contact for Cinedigm
DKC Public Relations
cinedigm@dkcnews.com

High Touch Investor Relations
Cinedigm@htir.net

SOURCE: Cinedigm Corp.

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FAQ

When will Cinedigm join the Russell Microcap Index?

Cinedigm will join the Russell Microcap Index effective June 28, 2021.

What is the significance of Cinedigm joining the Russell Microcap Index?

Joining the Russell Microcap Index may enhance institutional investor awareness and increase stock liquidity.

How large are the assets benchmarked against Russell indexes?

Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes.

What does membership in the Russell Microcap Index mean for Cinedigm?

Membership means automatic inclusion in appropriate growth and value style indexes, signifying business validation.

Who determines membership for the Russell indexes?

FTSE Russell determines membership based on market capitalization rankings and style attributes.