Ms. Kathryn Lawler reports
CIBC INTRODUCES ADDITIONAL CANADIAN DEPOSITARY RECEIPTS ("CDRS")
Canadian Imperial Bank of Commerce (CIBC) has made a new addition to its Canadian depositary receipt (CDR) 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 U.S.-listed stocks while mitigating the currency risk associated with global investing.
The new CDR is listed as follows with its Cboe Canada ticker symbol:
- Supermicro Canadian Depositary Receipt (CAD Hedged) -- SMCI.
This adds to the existing lineup of CDRs that are available for trading on Cboe Canada.
The prospectus supplement for these latest series of CDRs has been filed on SEDAR+.
About Canadian Imperial Bank of Commerce (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.
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