Capital Automotive Added to Nasdaq Financial-100 Index
MCLEAN, Va., Feb. 15 Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, announced it will become a component of the Nasdaq Financial-100 Index effective at the beginning of trading today.
The Nasdaq Financial-100 Index includes 100 of the largest domestic and international financial organizations listed on The Nasdaq Stock Market based on market capitalization. The Index contains bank and savings institutions and related holding companies, insurance companies, broker dealers, investment companies and financial service companies.
Commenting on today's news, Thomas D. Eckert, President and Chief Executive Officer, stated, ``Our inclusion in the Nasdaq Financial-100 Index further recognizes Capital Automotive as a leading publicly-traded financial organization. This inclusion provides us with immediate recognition by numerous index funds and money managers that benchmark against the index. We continue to build investment relationships and feel this is a great opportunity to expand our investor base.''
About Capital Automotive
Capital Automotive, headquartered in McLean, Virginia, is a self- administered, self-managed real estate investment trust that acquires real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses. Additional information on Capital Automotive is available on the Company's Web site at http://www.capitalautomotive.com .