The Globe and Mail reports in its Wednesday, Jan. 21, edition that GFL Environmental is moving its head office from a suburb of Toronto to Miami Beach to win a greater following from index funds. The Globe's Andrew Willis writes that GFL is shifting its headquarters to Florida while remaining incorporated in Ontario. The move has minimal implications for GFL's operations, with about a dozen employees shifting their base to Miami. The decision allows GFL to remain in domestic stock benchmarks like the S&P/TSX Composite Index and gain eligibility for American standards such as the Russell index family. Passive investors in U.S. benchmarks are expected to acquire between 10 and 15 per cent of GFL's public float, or 35 million to 50 million of its shares, as it joins U.S. stock benchmarks. GFL founder Patrick Dovigi says, "The relocation of our executive headquarters broadens our eligibility for participation in U.S. equity indices while preserving our eligibility for inclusion in Canadian equity indices." Mr. Dovigi has a residence in Miami, along with a home in Toronto. Mr. Dovigi says a U.S. head office will also help GFL recruit and win more business from American clients, including municipal governments.