Canterbury Park Holding Corporation (AMEX:ECP) today announced it has been added to the Russell Microcap Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2008.
Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. The Company will hold its membership until Russell reconstitutes its indexes in June 2009.
“We are pleased to be part of the Russell Microcap Index,” stated Randy Sampson, Canterbury Park’s President and Chief Executive Officer. “Russell is an industry leader for stock indexes, and we expect our inclusion in this index will generate greater interest in our stock among institutional investors.”
The annual reconstitution of the Russell Microcap Index captures the 1,000 smallest U.S. stocks in the Russell 2000, based on a combination of their market cap and current index membership, and it includes the next 1,000 stocks as of the end of May.
About Russell Investment Group: Russell Investment Group aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $200 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world’s best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Russell’s indexes are unmanaged and cannot be invested in directly. For more information on Russell indexes, go to www.russell.com.
About Canterbury Park: Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts “unbanked” card games at its Canterbury Park Racetrack and Card Club facility in Shakopee, Minnesota. The Company’s 67-day 2008 live race meet began on May 3rd and ends September 1, 2008. Canterbury Park’s Card Club operates 24 hours a day, seven days a week, and receives collection revenues from 34 poker tables, and 16 tables offering a variety of casino style card games. The Company also conducts year-round wagering of simulcast horse racing and hosts a variety of other entertainment and special events at its facility. For more information about the Company, please visit us at www.canterburypark.com.
Cautionary Statement: This release contains or may contain forward-looking statements based on management’s beliefs and assumptions. Such statements are subject to various risks and uncertainties that could cause results to vary materially. Please refer to the Company’s SEC filings for a discussion of such factors.