Monmouth Real Estate Investment Corporation Gains Inclusion In The Wilshire US REIT ETF (WREI)

Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) is proud to announce that it was  added to the Wilshire US Real Estate Investment Trust Index(SM) (Wilshire US REIT Index(SM) )  effective after the markets closed on March 19, 2010 in conjunction with the quarterly rebalancing of the index.

The Wilshire US Real Estate Securities Index(SM) (Wilshire US RESI), of which the  Wilshire US REIT Index is a subset, was introduced in September 1991 by Wilshire Associates Incorporated, a leading global independent investment services and consulting firm.  The  purpose was to create an index of publicly traded real estate equity securities without the limitations of other appraisal based indexes. The recently introduced Wilshire US REIT exchange-traded fund (NYSE Arca: WREI) is the only ETF based upon the Wilshire US REIT Index, which measures U. S. publicly-traded real estate investment trusts.

Eugene W. Landy, President, stated, “We are extremely pleased to have Monmouth Real Estate Investment Corporation gain inclusion in the Wilshire US REIT Index.  This should result in both improved liquidity for our shareholders as well as increased efficiency in the valuation of our shares.  We look forward to remaining on this respected benchmark for many years to come.”

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly-owned real estate investment trust specializing in net-leased industrial properties.   The Company’s portfolio consists of sixty-one industrial properties and one shopping center located in twenty-five states.  In addition, the Company owns a portfolio of REIT securities.

SOURCE Monmouth Real Estate Investment Corporation

The Fund seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Wilshire US Real Estate Investment Trust Index^SM (“Wilshire US REIT^SM” or the “Index”). The Fund will normally invest at least 80% of its total assets in equity securities that comprise the Wilshire US REIT and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Wilshire US REIT. Claymore Advisors, LLC (the “Investment Adviser”) and Guggenheim Partners Asset Management, LLC (the “Investment Sub-Adviser”) seek a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation.

The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the Wilshire US REIT. The Wilshire US REIT is a rules-based index comprised of, as of January 31, 2010, approximately 82 securities, which may include securities of companies of all categories of market capitalizations, (subject to the minimum requirements set forth below), as defined by Wilshire Associates Incorporated (“Wilshire” or the “Index Provider”). The Wilshire US REIT is comprised primarily of real estate investment trusts (“REITs”) and is derived from the broader Wilshire 5000 Total Market Index^SM. The Index is designed to serve as a proxy for direct real estate investment by institutions. The Wilshire US REIT is weighted by float-adjusted market capitalization.

Related posts:

1. Claymore Is Set To Begin Trading The Wilshire US REIT ETF (WREI) Tomorrow March 9th
2. Claymore Securities Launches ETF Suite Tracking the Wilshire 5000SM, Wilshire 4500SM and Wilshire US REITSM Indexes

Copyright 2010 ETFDAILYNEWS.COM
The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of ETFDailyNews.