other material
confidence high
sentiment positive
materiality 0.30
Presidio investee Conduit Pharmaceuticals to join Russell 2000/3000 indexes
Presidio Property Trust, Inc.
- Conduit Pharmaceuticals (CDT) expected to be added to Russell 2000 and 3000 effective July 1, 2024.
- Presidio owns approximately 6.3% of Conduit (6.5% per press release).
- Preliminary index addition list was posted by FTSE Russell on May 24, 2024.
- Russell US indexes are used as benchmarks for about $10.5 trillion in assets as of Dec 2023.