ANNAPOLIS, Md., July 1, 2013 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (" Hannon Armstrong") (NYSE: HASI), a leading specialty finance company that provides debt and equity financing for sustainable infrastructure projects, today announced that it has been added to the broad-market Russell 3000 ®, Russell Global and Russell Microcap ® Indexes after the equity markets closed on June 28 as Russell Investments reconstituted its comprehensive family of global indexes.
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. Membership in the Russell 3000 means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
"We are very pleased about our addition to the Russell Indexes, a notable step in our progress as a publicly traded company," President and CEO, Jeffrey Eckel commented. "We welcome the opportunity to increase awareness about Hannon Armstrong and broaden our shareholder base."Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. Widely used by investment managers and institutional investors for index funds, the Russell indexes also serve as benchmarks for both passive and active investment strategies. Approximately $4.1 trillion in assets are benchmarked to the Russell Indexes. Based on Russell's procedures, membership in each index remains in place for one year. About Hannon Armstrong Hannon Armstrong is a specialty finance company that provides debt and equity financing for sustainable infrastructure projects. We focus on profitable sustainable infrastructure projects that increase energy efficiency, provide cleaner energy sources, positively impact the environment or make more efficient use of natural resources. We began our business more than 30 years ago, and since 2000, using our direct origination platform, we have provided or arranged over $4.0 billion of financing in more than 450 sustainable infrastructure transactions. Hannon Armstrong focuses on projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value. Hannon Armstrong Sustainable Infrastructure Capital, Inc. based in Annapolis, MD has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. 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. Russell stands with institutional investors, financial advisors and individuals working with their advisors—using the firm's core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV