OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Rhea-AI Summary

OTC Markets Group Inc. announced the fourth quarter 2023 performance and quarterly rebalancing of the OTCQX and OTCQB indexes. The OTCQX Composite Index was up by 14.6% in Q4 2023, with 52 new companies joining and 50 companies being removed. The OTCQX Billion+ Index and the OTCQX Dividend Index also showed positive performance. However, the OTCQX Cannabis Index was down by 16.5% in Q4 2023, and the OTCQB Venture Index was down by 4.6%. The press release emphasizes that past performance does not guarantee future results, and investors cannot invest directly in any of these indexes.

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the fourth quarter 2023 performance and quarterly rebalancing of the OTCQX^® and OTCQB^® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up by 14.6% in Q4 2023. 52 new companies joined the Index while 50 companies were removed. Kolibri Global Energy Inc. (KGEI) went to NASDAQ on 10/11/2023. Diversified Energy Company PLC (DEC) went to NYSE on 12/18/2023.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up by 15.0% in Q4 2023. 3 new companies joined the Index and 3 companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up by 14.3% in Q4 2023. 19 new companies joined the Index, while 11 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was up by 8.6% in Q4 2023. 20 companies joined the Index while 7 companies were removed.

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up by 13.8% in Q4 2023. 23 new companies joined the Index while 39 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies was up by 5.0% in Q4 2023. 17 new companies joined the Index while 30 companies were removed.

The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up by 26.7% in Q4 2023. 29 new companies joined the Index while 11 companies were removed.

The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down by 16.5% in Q4 2023. 2 new companies joined the Index while 2 companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down by 4.6% in Q4 2023. 92 companies were added to the index while 99 companies were removed. Singlepoint, Inc. (SING) went to CBOE on 12/15/2023. 6 securities went from OTCQB to OTCQX in Q4 and are now included in at least one of the OTCQX Indices.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What was the performance of the OTCQX Composite Index in Q4 2023?

The OTCQX Composite Index was up by 14.6% in Q4 2023.

How many companies were added to the OTCQX Composite Index in Q4 2023?

52 new companies joined the OTCQX Composite Index in Q4 2023.

What was the performance of the OTCQX Cannabis Index in Q4 2023?

The OTCQX Cannabis Index was down by 16.5% in Q4 2023.

Can investors directly invest in the OTCQX and OTCQB indexes?

No, investors cannot invest directly in any of these indexes.