Artesian Resources Listed on Russell 3000 and Russell 2000 Indexes

Fri. July 03, 2009; Posted: 09:21 PM

Jul 03, 2009 (Close-Up Media via COMTEX) -- ARTNA | Quote | Chart | News | PowerRating -- Artesian Resources, which has provided water service on the Delmarva Peninsula since 1905, announced that it has joined the broad-market Russell 3000 Index and the small-market Russell 2000 Index as a result of the annual reconstitution of Russell's U.S. indexes.

"We are pleased to be listed with the top U.S. companies in the Russell indexes, which are widely used by investment managers and institutional investors and will increase our visibility with investors," said Dian C. Taylor, Chair, President & CEO of Artesian Resources. "These listings clearly demonstrate that we are building value for our shareholders by operating efficiently and effectively executing our growth and diversification strategy."

The addition of Artesian became effective at the close of market June 26, when Russell Investments reconstituted its U.S. and global equity 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. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. $4 trillion in assets currently are benchmarked to the indexes.

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