Bullboard - Stock Discussion Forum Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s): CM | T.CM.PR.Q | T.CM.PR.P | T.CM.PR.S

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking... see more

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Canadian Imperial Bank of Commerce > introduces additional Canadian Depositary Receipts ("CDRs")

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Post by Betteryear2 on Dec 01, 2021 8:01am

introduces additional Canadian Depositary Receipts ("CDRs")

Expanded CDR lineup provides more opportunities for Canadians to invest in global companies

TORONTO, Dec. 1, 2021 /CNW/ - CIBC today announced the addition of eight new Canadian Depositary Receipts ("CDRs"), now listed on the NEO Exchange.

CDRs make it easy to invest in some 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 foreign stocks while mitigating the currency risk associated with global investing.

The eight new CDRs available for trading on the NEO Exchange are listed below:

Advanced Micro Devices Canadian Depositary Receipts (CAD Hedged) - AMD
Berkshire Hathaway Canadian Depositary Receipts (CAD Hedged) – BRK (underlying shares Berkshire Hathaway Inc. Class B Common Stock (NYSE: BRK.B))
Costco Canadian Depositary Receipts (CAD Hedged) - COST
Salesforce.com Canadian Depositary Receipts (CAD Hedged) - CRM
IBM Canadian Depositary Receipts (CAD Hedged) - IBM
JPMorgan Canadian Depositary Receipts (CAD Hedged) - JPM
Mastercard Canadian Depositary Receipts (CAD Hedged) - MA
Pfizer Canadian Depositary Receipts (CAD Hedged) - PFE

These eight will add to the existing lineup of CDRs which are available for trading on the NEO Exchange: