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FG Monetary Group, Inc. will be part of the Russell Microcap® Index


FG Monetary Group, Inc. will be part of the Russell Microcap® Index


ST. PETERSBURG, Florida – (BUSINESS WIRE) – FG Financial Group, Inc. (NASDAQ: FGF, FGFPP), will join the Russell Microcap® Index upon completion of the Russell Indexes 2021 annual recomposition that will take effect after the US market opens on June 28, 2021 to a tentative list of supplements published on June 4, 2021.

Membership in the Russell Microcap® Index, which lasts for one year, means automatic inclusion in the corresponding growth and value indices. FTSE Russell determines membership for its Russell indices primarily on objective market capitalization rankings and style attributes.

Larry Swets, CEO of FG Financial Group, Inc. commented, “We are pleased to be included in the Russell Microcap® Index, demonstrating the success of FG Financial in executing our strategy of increasing intrinsic value over the long term by allocating capital to asymmetrical opportunities / risk opportunities in both our reinsurance and our SPAC business. Inclusion in the Russell Microcap® Index is the next step in raising investor awareness and increasing shareholder value. ”

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About $ 10.6 trillion in assets is compared to Russell’s US indexes. Russell indices are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and how to reconstitute the Russell Indices, please see the Russell Reconstitution section on the FTSE Russell website.

FG Finance Group, Inc.

FG Financial Group, Inc. is a reinsurance and investment management holding company focused on opportunistic secured and limited loss reinsurance while allocating capital to SPAC and SPAC sponsor related businesses. The main business activities of the company are carried out through its subsidiaries and affiliates.

About FTSE Russell

FTSE Russell is a global index leader providing innovative benchmarking, analysis and data solutions for investors worldwide. FTSE Russell computes thousands of indices that measure and rate markets and asset classes in more than 70 countries, covering 98% of the global investable market.

The expertise and products of the FTSE Russell Index are used extensively by institutional and retail investors worldwide. Approximately $ 17.9 trillion is currently compared to FTSE Russell indices. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indices to measure their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides the design and administration of the FTSE Russell Index: A transparent, rules-based methodology supported by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards for index design and governance and follows the IOSCO principles. FTSE Russell is also focused on index innovation and customer partnerships to improve the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by the London Stock Exchange Group.

Further information is available at www.ftserussell.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore intended to protect the safe harbor provisions of these laws. Through the use of forward-looking terminology such as “anticipate”, “believe”, “budget”, “may”, “consider”, “further”, “could”, “imagine”, “estimate”, “expect”, “Evaluate”, “forecast”, “goal”, “guidance”, “state”, “intend”, “likely”, “could”, “possibly”, “outlook”, “plan”, “possibly”, “potentially” “,“ Predict ”,“ likely ”,“ likely ”,“ pro forma ”,“ project ”,“ search ”,“ should ”,“ aim ”,“ see ”,“ will ”,“ would ”,“ will ” be, ”“ will continue, ”“ will likely result, ”or the negative thereof, or other variations thereof, or comparable terminology. In particular, discussions and statements regarding the company’s future business plans and initiatives are forward-looking. These forward-looking statements are based on our current expectations, assumptions, estimates and projections. While we believe this to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors could cause our actual results, performance, or accomplishments to differ materially from future results, performance, or accomplishments expressed or implied in these forward-looking statements and could affect our ability to execute and execute our future business plans Initiatives. Management advises that the forward-looking statements in this press release are not guarantees of future performance and we cannot assume that such statements will occur or that forward-looking events and circumstances will occur. Factors that could cause such a difference include, but are not limited to: market conditions and risks associated with our limited business operations since the sale of our insurance business in December 2019 (the “Sale of Assets”); Risks associated with our inability to identify and realize business opportunities and our taking on new such opportunities after the sale of assets; our ability to spend or invest the net proceeds from the sale of assets in such a way that a favorable return is achieved; general conditions in the global economy, including the impact of health and safety concerns from the current COVID-19 coronavirus outbreak; our lack of operational history or established reputation in the reinsurance industry; our inability to obtain or maintain the necessary permits to operate reinsurance subsidiaries; Risks associated with doing business in the reinsurance industry, including inadequately assessed insured risks, credit risks associated with brokers with whom we may do business and inadequate retrocession coverage; our inability to implement our investment and investment management strategy, including our strategy of investing in real estate investments; possible depreciation of investments; Risk of becoming an investment company; Fluctuations in our short-term results as we implement our new business strategy; Risks of not being able to attract and retain qualified management and personnel to execute and execute our business and growth strategy; Failure of our information technology systems, data breaches and cyber attacks; our ability to establish and maintain an effective system of internal controls; our limited history as a public company; the requirements of being a publicly traded company and losing our status as a smaller reporting company or becoming an expedited notifier; all possible conflicts of interest between us and our controlling shareholders and different interests of the controlling shareholders; potential conflicts of interest between us and our directors and officers; Volatility or decline in the common stock of FedNat Holding Company that we received in consideration for the sale of assets or restrictions and restrictions on our ownership of those stocks; Risks of being a minority shareholder in FedNat Holding Company; and risks of our inability to meet the ongoing listing standards of the Nasdaq after the asset sale is complete.


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