B&G Foods Joins Russell Microcap Index
June 26 2007 - 4:03PM
Business Wire
B&G Foods, Inc. (NYSE: BGS, BGF), a manufacturer and
distributor of high-quality, shelf-stable branded food products,
announced today it was added to the Russell Microcap� Index under
the symbol �BGS� when Russell Investment Group reconstituted its
family of U.S. indexes on June 22, according to the official
membership list posted on www.russell.com. Membership in the
Russell Microcap Index, which remains in place for one year, means
automatic inclusion in the appropriate growth and value style
indexes. Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $4
trillion in assets currently are benchmarked to them. Annual
reconstitution of Russell�s U.S. indexes captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market
capitalization to create the Russell 3000� Index and Russell
Microcap Index. Russell determines membership for its equity
indexes primarily by objective, market-capitalization rankings and
style attributes. For purposes of determining B&G Foods� total
market capitalization, Russell included only those shares of
B&G Foods� Class A Common Stock that trade separately under the
symbol �BGS.� The shares of the Company�s Class A Common Stock that
trade as part of the Company�s Enhanced Income Securities, or EISs,
under the symbol �BGF� were excluded from the calculation. As a
result, B&G Foods, which had been included on a preliminary
list of additions to the Russell 3000 Index, was not included on
the final list of additions. B&G Foods has 36,778,988 shares of
Class A Common Stock issued and outstanding. As of the end of May,
16,778,988 shares of Class A Common Stock traded separately under
the symbol �BGS� and 20,000,000 shares of Class A Common Stock
traded as part of EISs under the symbol �BGF.� Each EIS consists of
one share of Class A Common Stock and $7.15 principal amount of
senior subordinated notes due 2016. About Russell Russell
Investment Group aims to improve financial security for people by
providing strategic advice, world-class implementation,
state-of-the-art performance benchmarks, and a range of
institutional-quality investment products. With more than $200
billion in assets under management, Russell serves individual,
institutional and advisor clients in more than 40 countries.
Russell provides access to some of the world�s best money managers.
It helps investors put this access to work in corporate defined
benefit and defined contribution plans, and in the life savings of
individual investors. Founded in 1936, Russell is a subsidiary of
Northwestern Mutual Life Insurance Company. Headquartered in
Tacoma, Wash., U.S., Russell has principal offices in Amsterdam,
Auckland, Hong Kong, Johannesburg, London, Melbourne, New York,
Paris, San Francisco, Singapore, Sydney, Tokyo and Toronto.
Russell�s indexes are unmanaged and cannot be invested in directly.
For more information on Russell indexes, go to www.russell.com.
About B&G Foods, Inc. B&G Foods and its subsidiaries
manufacture, sell and distribute a diversified portfolio of
high-quality, shelf-stable foods across the United States, Canada
and Puerto Rico. B&G Foods� products include hot cereals, jams,
jellies and fruit spreads, canned meats and beans, spices,
seasonings, marinades, hot sauces, wine vinegar, maple syrup,
molasses, salad dressings, Mexican-style sauces, taco shells and
kits, salsas, pickles and peppers and other specialty food
products. B&G Foods competes in the retail grocery, food
service, specialty store, private label, club and mass merchandiser
channels of distribution. Based in Parsippany, New Jersey, B&G
Foods� products are marketed under many recognized brands,
including Ac�cent, B&G,�B&M, Brer Rabbit, Cream of Rice,
Cream of Wheat, Emeril�s, Grandma�s Molasses, Joan�of�Arc, Las
Palmas, Maple�Grove�Farms�of�Vermont, Ortega, Polaner, Red Devil,
Regina, San Del, Sa-s�n Ac�cent, Trappey�s, Underwood, Vermont Maid
and Wright�s. Forward-Looking Statements Statements in this press
release that are not statements of historical or current fact
constitute �forward-looking statements.� Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the actual results of B&G
Foods to be materially different from the historical results or
from any future results expressed or implied by such
forward-looking statements. In addition to statements that
explicitly describe such risks and uncertainties readers are urged
to consider statements labeled with the terms �believes,� �belief,�
�expects,� �intends,� �anticipates� or �plans� to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in B&G Foods� filings with the
Securities and Exchange Commission.
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