WARREN, Mich.--(BUSINESS WIRE)--Jun. 26, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has been added to the list of public companies that
comprise the Russell 2000 (®), Russell 3000 (®)Russell Global Indexes.
Asset Acceptance’s inclusion became effective on Friday, June 22, 2012,
following the Russell Investment Group’s annual reconstitution of its
indexes.
Rion
Needs, President and Chief Executive Officer, commented, “We are
pleased to be included in the Russell family of indexes, which will
significantly increase Asset Acceptance’s visibility in the investment
community. Our membership reflects the considerable success we have
achieved as a result of the execution of our long-term growth strategy.
As we remain focused on further implementing our strategy and
positioning our company for long-term value creation, our inclusion in
these key investment benchmarks will help further expand our shareholder
base.”
The Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. In the institutional
marketplace, an industry-leading $3.9 trillion in assets currently are
benchmarked to the Russell indexes. Russell determines membership for
its equity indexes primarily by objective, market-capitalization
rankings and style attributes. The Company will hold its membership
until Russell reconstitutes its indexes in June 2013.
About Asset Acceptance Capital Corp.
For 50
years, Asset Acceptance has provided credit originators, such as
credit card issuers, consumer finance companies, retail merchants,
utilities and others an efficient alternative in recovering defaulted
consumer debt. For more information, please visit www.AssetAcceptance.com.
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. Working
with institutional investors, financial advisors and individuals,
Russell’s core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
construction.
Source: Asset Acceptance Capital Corp.
Asset Acceptance Capital Corp.
Mary Arraf, 586-983-7087
marraf@assetacceptance.com
