REIT Shares To Be Added to Russell Indices
Real estate investment trust (REIT) Invesco Mortgage Capital (IVR) announced its common shares will be added to multiple equity indices produced by Russell Investments. The REIT had its initial public offering in June At the close of markets on September 30, its shares will be listed on the Russell 2000, Russell 3000 and Russell Global indices. The indices are used by investors for index funds and as a benchmark for passive and active investment strategies. The REIT focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. It is externally managed and advised by Invesco Institutional, a subsidiary of Invesco Ltd. (IVZ). Write to Austin Kilgore.