CVG Added to Membership of the Russell 2000® Index
June 26 2023 - 6:30AM
CVG (NASDAQ: CVGI), a diversified industrial products and services
company, was added to membership of the US small-cap Russell 2000®
Index as part of the 2023 Russell indexes reconstitution.
Membership in the Russell 2000® Index is effective after the US
market opens on June 26, 2023 and remains in place for one year.
The stock was also automatically added to the appropriate growth
and value indexes.
“We are pleased to have been added as a member of
the U.S. small-cap Russell 2000® Index, one of the most widely
cited performance benchmarks for emerging U.S. companies,”
commented Andy Cheung, Chief Financial Officer. “As we continue to
focus on strategy execution and operational excellence, we look
forward to expanding our reach within the investment
community.”
About CVG
At CVG, we deliver real solutions to complex
design, engineering and manufacturing problems while creating
positive change for our customers, industries, and communities we
serve. Information about the Company and its products is available
on the internet at www.cvgrp.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 $20.1 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
http://www.ftserussell.com.
Investor Relations Contact:Ross
Collins or Stephen PoeAlpha IR GroupCVGI@alpha-ir.com
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