Cyxtera Set to Join Russell 2000® Index

Rhea-AI Summary

Cyxtera (NASDAQ: CYXT) will join the Russell 2000® Index effective June 27, following the annual reconstitution of Russell indexes. This change is based on market capitalization rankings as of May 6. Inclusion indicates Cyxtera's growing market presence and potential increased visibility to institutional investors, as Russell indexes benchmark approximately $12 trillion in assets. Cyxtera continues to provide data center colocation and interconnection services globally, operating 61 data centers across 28 markets.

Positive

• Inclusion in Russell 2000® Index increases visibility to institutional investors.
• Reflects positive momentum and execution of business strategy.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- Cyxtera (NASDAQ: CYXT), a global leader in data center colocation and interconnection services, is set to join the broad-market Russell 2000^® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. By joining the Russell 2000^® Index, Cyxtera will also gain membership in the US all-cap Russell 3000^® Index, which remains in place for one year, due to the automatic inclusion of the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"Joining the Russell 2000^® Index marks another positive milestone for Cyxtera as a publicly traded company,” said Carlos Sagasta, Cyxtera’s Chief Financial Officer. “Cyxtera’s inclusion in the index is yet another indication that our team’s ability to execute the plan is moving our company in the right direction."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 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 Cyxtera

Cyxtera is a global leader in data center colocation and interconnection services. The company operates a footprint of 61 data centers in 28 markets around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services. For more information, please visit www.cyxtera.com.

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 $20 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/20220624005255/en/

Press Contact:

Xavier Gonzalez

xavier.gonzalez@cyxtera.com



Investor Relations Contact:

Greer Aviv

greer.aviv@cyxtera.com

Source: Cyxtera

FAQ

When will Cyxtera join the Russell 2000® Index?

Cyxtera will join the Russell 2000® Index effective June 27.

What does the inclusion in the Russell 2000® Index mean for CYXT?

Inclusion signifies increased visibility to institutional investors and aligns with Cyxtera's growth strategy.

How much assets are benchmarked against Russell indexes?

Approximately $12 trillion in assets are benchmarked against Russell's US indexes.

What is the significance of the Russell indexes for investors?

Russell indexes are widely used benchmarks for investment strategies and index funds.