Limoneira Added to the Russell 2000(R) Index
SANTA PAULA, CA, Jun 28, 2010 (MARKETWIRE via COMTEX News Network) -- Limoneira Company (NASDAQ: LMNR), a leading agribusiness with prime agricultural land and operations, real estate and water rights throughout California, today announced its stock has been added to the Russell 2000(R) Index, a subset of the Russell Global Index.
Harold Edwards, the Company's President and Chief Executive Officer, stated, "We are pleased with our inclusion in the Russell 2000(R) Index. This will support our goal of enhancing shareholder value by providing greater awareness and visibility of our stock among institutional and retail investors."
The Russell 2000(R) Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000(R) Index is a subset of the Russell 3000(R) Index representing approximately 8% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.
