Pangaea Logistics to join Russell 3000 Index effective June 26, 2023

Pangaea Logistics Solutions Ltd.

Selected for broad-market Russell 3000 Index at 2023 annual reconstitution, effective after U.S. market open on June 26.
FTSE Russell determines membership by market-cap rankings; $12.1 trillion in assets benchmarked against Russell US indexes.
CEO Mark Filanowski says inclusion builds awareness and increases exposure to new investor audiences.
Pangaea's integrated shipping model continues to deliver above-market returns, contributing to long-term shareholder value.

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