Zale Corp. Set to Rejoin Russell 3000 Index

Zale Corp. announced June 20 that it is set to
rejoin the U.S. broad-market Russell
3000 Index
 on June 24, according to a preliminary
list of additions
.

“We
are very pleased to rejoin the Russell 3000 Index, representing another
significant milestone in our turnaround progress,” said Matt Appel, chief
administrative officer and chief financial officer, in a statement. “Our
inclusion in the Russell indexes will continue to raise the awareness of Zale
to a wider range of investors allowing us to broaden our shareholder base.”

The annual
reconstitution of Russell’s U.S. indexes captures and ranks the 4,000 largest
U.S. stocks as of the end of May by total market capitalization. Membership in
the Russell 3000, which remains in place for one year, means Zale Corp. is automatically included in the small-cap Russell 2000 Index, as well as the
appropriate growth and value style indexes.