Expanded CDR lineup provides more opportunities for Canadians
to invest in global companies
TORONTO, Sept. 18,
2024 /CNW/ - Today CIBC announced 10 new Canadian
Depositary Receipts ("CDRs"), now listed on Cboe Canada. Introduced
to investors over three years ago, CIBC has a total of 65 CDRs
available in market.
CDRs make it easy to invest in many of the world's largest
companies – in Canadian dollars. Offered at a fraction of the price
per share of the underlying reference share, and with a built-in
notional currency hedge, CDRs provide investors with affordable
access to US-listed stocks while mitigating the currency risk
associated with global investing.
The 10 new CDRs are listed below with Cboe Canada ticker
symbols:
- 3M Canadian Depositary Receipts
(CAD Hedged) – MMMM
- American Express Canadian Depositary Receipts (CAD Hedged) –
AXP
- Booking Canadian Depositary Receipts (CAD Hedged) – BKNG
- CrowdStrike Canadian Depositary Receipts (CAD Hedged) –
CRWD
- Ford Canadian Depositary Receipts (CAD Hedged) – F
- General Electric Canadian Depositary Receipts (CAD Hedged) –
GE
- Intuitive Surgical Canadian Depositary Receipts (CAD Hedged) –
ISRG
- Micron Canadian Depositary Receipts (CAD Hedged) – MU
- Qualcomm Canadian Depositary Receipts (CAD Hedged) – QCOM
- Texas Instruments Canadian Depositary Receipts (CAD Hedged) –
TXN
These 10 will add to the existing lineup of CDRs which are
available for trading on Cboe Canada.
The Prospectus Supplement for these latest Series of CDRs has
been filed on SEDAR+ at www.sedarplus.ca. For more information
about CDRs, please visit https://cdr.cibc.com.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets, CIBC offers a full
range of advice, solutions and services through its leading digital
banking network, and locations across Canada, in the
United States and around the world. Ongoing news releases
and more information about CIBC can be found at
www.cibc.com/ca/media-centre.
SOURCE CIBC