Trump Media & Technology Group Corp. Joins Russell 1000 and Russell 3000 Indexes

Rhea-AI Summary

Trump Media & Technology Group Corp. (NASDAQ: DJT), the operator of the Truth Social platform, has been included in the Russell 1000 and Russell 3000 Indexes following the 2024 annual reconstitution. This inclusion, effective after the U.S. market closed on June 28, 2024, signifies TMTG's recognition among the 3,000 largest U.S.-traded stocks by market-capitalization and style attributes. The Russell 1000 Index covers the largest companies in the Russell 3000 Index. Membership is updated annually and reflects the company's market standing for one year. The Russell Indexes are essential benchmarks for approximately $9.1 trillion in assets managed by investment firms and institutional investors.

Positive

• Inclusion in the Russell 1000 and Russell 3000 indexes highlights TMTG's substantial market capitalization and enhances its visibility among key investors.
• The Russell Indexes serve as benchmarks for approximately $9.1 trillion in assets, potentially driving increased investor interest in TMTG.

Negative

• None.

SARASOTA, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (NASDAQ: DJT) (“TMTG” or the “Company”)—operator of the Truth Social platform, yet another of President Donald J. Trump’s iconic American brands—today announced that as part of the 2024 annual reconstitution of the Russell indexes, TMTG has been selected to be included in the Russell 1000 and broad-market Russell 3000 Indexes effective after the U.S. market closed on June 28, 2024.

Membership in the Russell 3000 Index means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as in the appropriate growth and value style indexes. The Russell 3000 Index encompasses the 3,000 largest U.S.-traded stocks by objective, market-capitalization rankings and style attributes. Membership in these indexes is updated annually and remains in place for one year.

The Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9.1 trillion in assets are benchmarked against Russell's U.S. Indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Indexes and the Russell U.S. Indexes Reconstitution, visit the "Russell Reconstitution" section on the FTSE Russell website.

About TMTG

The mission of Trump Media & Technology Group (TMTG) is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.

Investor Relations Contact:
Shannon Devine (MZ Group | Partner - MZ North America)
Email: shannon.devine@mzgroup.us

Media Contact:
press@tmtgcorp.com

FAQ

What is the significance of Trump Media & Technology Group's inclusion in the Russell 1000 and Russell 3000 Indexes?

Inclusion in these indexes highlights TMTG's substantial market capitalization and may lead to increased visibility and investor interest.

When did Trump Media & Technology Group join the Russell 1000 and Russell 3000 Indexes?

TMTG's inclusion in the Russell 1000 and Russell 3000 Indexes became effective after the U.S. market closed on June 28, 2024.

How does inclusion in the Russell 1000 Index affect Trump Media & Technology Group?

Inclusion in the Russell 1000 Index categorizes TMTG among the largest U.S.-traded stocks, which can enhance its profile among institutional investors and investment managers.

Why is the Russell 3000 Index important for stocks like DJT?

The Russell 3000 Index includes the 3,000 largest U.S.-traded stocks, providing a broad market benchmark that can attract investment from funds and institutional investors.