Capital Senior Living to Join the Russell Microcap® Index

Rhea-AI Summary

Capital Senior Living Corporation (NYSE: CSU) announced its selection for the Russell Microcap® Index, effective June 28, 2021. This inclusion lasts for one year and enhances the company's visibility among investors. CEO Kimberly S. Lody highlighted the company's recent focus on financial stability and operational excellence, positioning it for growth in the expanding middle market senior demographic. Russell indexes are widely recognized in the investment community, with over $10.6 trillion in assets benchmarked against them.

Positive

• Selection for the Russell Microcap® Index increases visibility to institutional investors.
• The company is poised for growth in the expanding middle market for senior living.

Negative

• None.

Capital Senior Living Corporation (the “Company” or “Capital Senior Living”) (NYSE: CSU), a leading owner-operator of senior living communities and services announced that it has been selected to join the Russell Microcap® Index at the conclusion of the 2021 annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted by FTSE Russell on Friday, June 4, 2021.

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.

“We are thrilled to be included in the Russell Microcap® Index and believe the addition will increase our visibility in the investment community at a time when our company is at an important inflection point,” said Kimberly S. Lody President and Chief Executive Officer. “During the past 24 months, we have improved the foundational elements of our business focusing on financial stability, differentiated resident programming and operational excellence. As we move into the growth-focused phase of our strategic plan, we are well positioned to serve the fast-growing middle market senior population.”

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 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Capital Senior Living

Dallas-based Capital Senior Living Corporation is one of the nation’s leading operators of independent living, assisted living and memory care communities for senior adults. The Company operates 76 communities that are home to nearly 7,000 residents across 18 states providing compassionate, resident-centric services and care and engaging programming. The Company offers seniors the freedom and opportunity to successfully, comfortably and happily age in place. For more information, visit http://www.capitalsenior.com or connect with the Company on Facebook or Twitter.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005640/en/

FAQ

What does Capital Senior Living's inclusion in the Russell Microcap Index mean for investors?

It increases the company's visibility in the investment community and may attract institutional investors.

When does Capital Senior Living join the Russell Microcap Index?

The inclusion takes effect on June 28, 2021.

What is the significance of Russell indexes in the investment world?

Russell indexes are widely used as benchmarks for active investment strategies, influencing over $10.6 trillion in assets.