Vertex Energy to Join Russell Microcap(R) Index

Rhea-AI Summary

Vertex Energy (NASDAQ:VTNR) has announced its inclusion in the Russell Microcap Index effective June 28, 2021, following the annual reconstitution. This recognition highlights the company's growth strategy in the energy transition sector. Membership in the index could significantly broaden its investor base and enhance visibility among institutional and retail investors. The Russell indexes include assets worth approximately $10.6 trillion and are commonly utilized as benchmarks for investment strategies.

Positive

• Inclusion in the Russell Microcap Index could expand shareholder base and visibility.
• Recognition of long-term growth strategy in the energy transition sector.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / June 9, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it is set to join the Russell Microcap^® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

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.

"Our addition to the Russell Microcap Index is further recognition of our long-term growth strategy, one that seeks to capitalize on emerging opportunities within the energy transition sector," Benjamin P. Cowart, President and CEO of Vertex. "Our inclusion in the index has the potential to materially expand our shareholder base, while improving visibility with key institutional and retail investors."

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 Microcap^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

ABOUT VERTEX ENERGY

Houston-based Vertex Energy, Inc. (NASDAQ:VTNR) is a specialty refiner of alternative feedstocks and marketer of high-purity petroleum products. Vertex is one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), Marrero (LA) and Heartland (OH). Vertex also co-owns a facility, Myrtle Grove, located on a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA, with existing hydro-processing and plant infrastructure assets, that include nine million gallons of storage. The Company has built a reputation as a key supplier of Group II+ and Group III Base Oils to the lubricant manufacturing industry throughout North America.

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.

CORPORATE CONTACT

Noel Ryan, IRC
IR@vertexenergy.com

SOURCE: Vertex Energy, Inc.

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FAQ

When is Vertex Energy joining the Russell Microcap Index?

Vertex Energy will join the Russell Microcap Index effective June 28, 2021.

What is the significance of Vertex Energy's inclusion in the Russell Microcap Index?

Inclusion in the index may broaden the company's shareholder base and improve visibility with investors.

How much assets are benchmarked against Russell's US indexes?

Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes.

What does Vertex Energy specialize in?

Vertex Energy specializes in refining alternative feedstocks and marketing high-purity petroleum products.

What could the inclusion in the Russell Microcap Index mean for VTNR?

The inclusion might enhance investor interest and potentially affect stock performance positively.