MSCI confirms removal of Strategy from US indexes, effective November 30.

November 12 - MSCI announced the November review results of its global standard indexes, with Strategy (MSTR, formerly MicroStrategy) Class A shares added to the MSCI USA Index deletion list. The above adjustment is based on data as of the October 20 price cutoff date and will take effect after the close on November 30.

This adjustment is the implementation of new rules announced by MSCI on October 15. According to the announcement, MSCI will exclude "non-operating companies" identified through quantitative screening from its global investable market indexes: first assessing whether issuers have substantive operating assets, and those that fail will then be screened against five financial ratios, with those triggering four or more of them ineligible for inclusion; constituent stocks already in the index must fail the screening in both of the most recent two annual reporting periods before being removed.