Gig Harbor, Washington, June 21, 2021 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it will be added to the Russell Microcap® Index effective at the close of trading on June 25, 2021, based on a preliminary list of additions initially made public on June 4, 2021.
“Inclusion in the Russell Microcap® Index is an important achievement and serves as a testament to the significant progress we’ve made as a company. We believe that membership in the Russel Microcap® Index will provide our shares with greater visibility and recognition within the financial community. We look forward to introducing a wider institutional audience to our platform and growth story. We anticipate continued execution on our expansion strategy in the second half of the year leading to long-term value creation,” commented Sterling Griffin, President and CEO of Harbor Custom Development, Inc.
Indexes benchmarked by the FTSE Russell, a global leader in indexes, data, and analytics, are widely used by investment managers and institutional investors for funds and as benchmarks for active investing strategies. Approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes.
Membership in the well-known Russell Indexes® brings with it numerous benefits including the…