VANCOUVER, June 27, 2016 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) today announced that it has been added to the Russell 2000® Index upon Russell Investments' reconstitution of its comprehensive set of U.S. and global equity indexes on June 24, 2016. City Office REIT has also been added to the Russell 3000® and Russell Global indexes.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. The Russell 3000® captures the 3,000 largest U.S. public companies by market capitalization as of the end of May of each year. The largest 1,000 companies in this ranking make up the Russell 1000® and the next largest 2,000 companies comprise the Russell 2000®. The Russell 3000® also serves as the U.S. component to the Russell Global Index. Each year the Russell 2000® is reconstituted to provide a comprehensive and unbiased small-cap barometer and to ensure that larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
Additional information about the Russell Investments indexes can be found at http://www.russell.com/indexes/americas.
About City Office REIT, Inc.
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the Southern and Western United States. City Office currently owns or has an interest in 3.1 million square feet of office properties. Additional information about City Office is available on the Company's website at www.cityofficereit.com. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
City Office REIT, Inc.
Anthony Maretic, CFO
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SOURCE City Office REIT, Inc.