TORONTO, April 16,
2024 /CNW/ - Today CIBC announced a new addition to
its Canadian Depositary Receipts ("CDRs") lineup, now available on
Cboe Canada. Introduced to investors over two years ago, CIBC now
has a total of 55 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 new CDR is listed below with its Cboe Canada ticker
symbols:
- Supermicro Canadian Depositary Receipt (CAD Hedged) – SMCI
This adds 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 13
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets businesses, 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