Maiden Holdings, Ltd. to Rejoin Russell 2000® Index

Rhea-AI Summary

Maiden Holdings, Ltd. (NASDAQ:MHLD) announced its re-entry into the Russell 2000 Index, effective after market close on June 25, 2021. This inclusion follows the annual reconstitution that ranks the largest U.S. stocks by market capitalization. Co-CEOs Patrick J. Haveron and Lawrence F. Metz noted that this milestone underscores the company's progress in enhancing shareholder value and returning to profitability. They anticipate that being part of the Russell indices will increase visibility among investors and support their strategic initiatives.

Positive

• Rejoining the Russell 2000 Index enhances investor visibility and credibility.
• Return to profitability, indicating improved financial health.
• Significant increase in book value, enhancing shareholder value.

Negative

• None.

Maiden Holdings, Ltd. (NASDAQ:MHLD) announced that it is set to rejoin the Russell 2000 Index effective after the market closes on June 25, 2021.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap Russell 3000^® Index, which remains in place for one year, means automatic inclusion in 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.

Patrick J. Haveron and Lawrence F. Metz, Maiden’s Co-Chief Executive Officers stated: “Maiden’s rejoining the Russell 2000 index reflects the progress we have made in creating and increasing shareholder value, particularly over the last year, as we have returned to profitability and significantly increased our book value. We are grateful to our team for their contributions to that success. We believe the increased visibility and investment community exposure that comes with rejoining the Russell indices will expose more investors to Maiden’s progress and further our ability to pursue our strategic plan.”

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 3000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Maiden Holdings, Ltd.

Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Maiden creates shareholder value by actively managing and allocating our assets and capital, including through ownership and management of businesses and assets mostly in the insurance and related financial services industries where we can leverage our deep knowledge of those markets. Maiden also provides a full range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core, working with clients to develop and implement finality solutions including acquiring entire companies.

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 on the Russell 2000® Index and the Russell US Indexes reconstitution, go to the "Russell Reconstitution" section at www.ftserussell.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210625005035/en/

FAQ

What is the significance of Maiden Holdings rejoining the Russell 2000 Index?

Rejoining the Russell 2000 Index enhances investor visibility and credibility, which can attract more investments.

When does Maiden Holdings rejoin the Russell 2000 Index?

Maiden Holdings will rejoin the Russell 2000 Index effective after market close on June 25, 2021.

What does Maiden Holdings' rejoining the Russell 2000 Index indicate?

It indicates the company has made significant progress in creating shareholder value and returning to profitability.

How does the Russell 2000 Index affect Maiden Holdings' stock performance?

Membership in the Russell 2000 Index may attract more institutional investors, potentially impacting stock performance positively.