Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced that it has been added to the list of public companies that comprise the Russell 2000 (®), Russell 3000 (®)Russell Global Indexes. Asset Acceptance’s inclusion became effective on Friday, June 22, 2012, following the Russell Investment Group’s annual reconstitution of its indexes.
Rion Needs, President and Chief Executive Officer, commented, “We are pleased to be included in the Russell family of indexes, which will significantly increase Asset Acceptance’s visibility in the investment community. Our membership reflects the considerable success we have achieved as a result of the execution of our long-term growth strategy. As we remain focused on further implementing our strategy and positioning our company for long-term value creation, our inclusion in these key investment benchmarks will help further expand our shareholder base.”
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to the Russell indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Company will hold its membership until Russell reconstitutes its indexes in June 2013.
About Asset Acceptance Capital Corp.For 50 years, Asset Acceptance has provided credit originators, such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. For more information, please visit www.AssetAcceptance.com. About Russell: Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell’s core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.