NEW YORK, April 17, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the first quarter 2019 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 11.2% in the first quarter. Thirty-six new companies were added to the index, including:
Acreage Holdings Inc. (OTCQX: ACRGF), Constantine Metal Resources Ltd. (OTCQX: CNSNF), Curaleaf Hldgs Inc. (OTCQX: CURLF), Intrinsyc Technologies Corp. (OTCQX: ISYRF), Maverix Metals Inc. (OTCQX: MACIF), and True Leaf Medicine International Ltd (OTCQX: TRLFF). Twenty-four were removed from the index, including: Village Farms International (VFF), which graduated to NASDAQ on 2/21/19, Cortland Bancorp (CLDB), which graduated to NASDAQ on 3/8/2019, and Carter Bank & Trust (CARE), which graduated to NASDAQ on 3/25/19.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was up 11% for the quarter.  Eight new companies were added to the index, including Cannex Capital Holdings Inc. (OTCQX: CNXXF) and Grayscale Bitcoin Trust (OTCQX: GBTC).  Five companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 10.7% in the quarter. Twenty new companies were added to the index and 7 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 7.3% in the first quarter.  Eight companies were added to the index in the quarter and 10 companies were removed. The eight banks added were: Blackhawk Bancorp, Inc. (OTCQX: BHWB), Blue Valley Ban Corp. (OTCQX: BVBC), California First National Bancorp (OTCQX: CFNB), Citizens Independent Bancorp Inc. (OTCQX: CZID), Denmark Bancshares, Inc. (OTCQX: DMKBA), High Country Bancorp, Inc. (OTCQX: HCBC), Katahdin Bankshares Corp. (OTCQX: KTHN) and Victory Bancorp Inc. (OTCQX: VTYB).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 11.2% for the quarter. Twenty-five companies were added to the index and 9 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was up 24.4% in the first quarter.   Twenty-one companies were added to the index and 4 companies were removed. Among those added: Axion Ventures Inc. (OTCQX: AXNVF), Cresco Labs Inc. (OTCQX: CRLBF), Harvest Health & Recreation Inc. (OTCQX: HRVSF), and Rubicon Organics Inc. (OTCQX: ROMJF).

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 6.7% in the first quarter.  Eleven companies were added to the index and15 companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 15.6% in the first quarter.  One hundred twenty-six companies were added to the index and one hundred six companies were removed.  Among those added include: AB INTL Group Corp.(OTCQB: ABQQ), Halo Labs Inc.(OTCQB: AGEEF) and Deep Down, Inc.(OTCQB: DPDW). 

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December.  In the case of ADRs, the DR ratio is considered.  Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index and OTCQB Venture Index have minimum liquidity screens to ensure tradability. 

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com. 

Past performance does not guarantee future results.  Investors cannot invest directly in any of these indexes.   

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities.  Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]

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SOURCE OTC Markets Group Inc.