BMO Launches Its First Canadian Depositary Receipts

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New CDRs on Cboe Canada Provide Buyers Simpler Entry to World Markets

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TORONTO — In the present day, Cboe Canada Inc. (“ Cboe Canada”) welcomes Financial institution of Montreal (“ BMO”) with the launch of its first Canadian Depositary Receipts (“CDRs”).

BMO’s choices present Canadian buyers with simpler entry to German, Swiss and Japanese markets. The brand new CDRs, representing Mercedes-Benz and Nestlé, are actually listed and buying and selling on Cboe Canada beneath the symbols MB and NEST, respectively. The subsequent three new CDRs – Toyota ( TOYM), Honda ( HNDA) and Nintendo ( NTDO) – will start buying and selling on February 10, 2025.

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“This launch marks nice progress within the Canadian funding panorama. BMO helps to push the frontiers of overseas investing with their entry into the CDR market and widening entry to globally numerous CDR listings,” mentioned Rob Marrocco, World Head of ETF Listings at Cboe. “We thank the BMO staff for trusting Cboe Canada as its itemizing associate for these launches and are dedicated to offering distinctive help as they construct out their CDR product shelf throughout worldwide borders.”

BMO’s CDRs permit buyers to purchase shares in blue-chip firms exterior of Canada in Canadian {dollars}. The built-in foreign money hedge additionally reduces the danger associated to foreign money price fluctuations whereas fractional share possession gives a approach to spend money on high-priced shares via lower-priced partial shares.

“We’re happy to launch our CDRs on the Cboe Canada alternate, giving buyers better entry to overseas markets, whereas minimizing the foreign money danger related to investing abroad,” mentioned Invoice Bamber, Chief Govt Officer of BMO World Asset Administration. “BMO has plans to broaden its CDR providing in Canada and enhance the variety of CDRs out there for buyers which can be searching for to spend money on a wider choice of world-class firms but in addition commerce in Canada in Canadian {dollars}.”

For extra details about CDRs, please go to https://www.cboe.ca/en/companies/raising-assets/canadian-depositary-receipts.

Cboe Canada is residence to your entire suite of CDRs, ETFs from Canada’s largest ETF issuers, and a number of the most progressive Canadian and worldwide development firms. In Canada, Cboe persistently facilitates greater than 15% of all quantity traded in Canadian securities.

About Cboe Canada

Cboe Canada is a Tier 1 inventory alternate, offering a best-in-class itemizing expertise for issuers which can be shaping the economies of tomorrow. Absolutely operational since 2015, Cboe Canada lists funding merchandise and firms searching for an internationally acknowledged inventory alternate that allows investor belief, high quality liquidity, and broad consciousness together with unfettered entry to market knowledge.

Cboe Canada is a part of Cboe World Markets, the main securities and derivatives alternate for the world stage. With exchanges in North America, Europe and Asia Pacific, Cboe is harnessing its world community to equip Issuers with important capital markets options.

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About BMO Monetary Group

BMO Monetary Group is the eighth largest financial institution in North America by belongings, with whole belongings of $1.41 trillion as of October 31, 2024. Serving prospects for 200 years and counting, BMO is a various staff of extremely engaged staff offering a broad vary of non-public and business banking, wealth administration, world markets and funding banking services to 13 million prospects throughout Canada, the USA, and in choose markets globally. Pushed by a single objective, to Boldly Develop the Good in enterprise and life, BMO is dedicated to driving optimistic change on the planet, and making progress for a thriving economic system, sustainable future, and inclusive society.

This materials is for info functions solely. The data contained herein is just not, and shouldn’t be construed as, funding, tax or authorized recommendation to any social gathering.

An funding in CDRs issued by BMO might not be appropriate for all buyers. Necessary details about these investments is contained within the brief kind base shelf prospectus and prospectus complement for every sequence of CDRs (collectively, the “Prospectus”). Purchasers are directed to www.sedarplus.ca or to bmogam.com to acquire copies of the Prospectus and associated disclosure earlier than buying CDRs of a selected sequence. The data contained herein is just not a advice to buy these funding merchandise.

Every sequence of CDRs pertains to a single class of fairness securities (the “Underlying Shares”) of an issuer included exterior of Canada (the “Underlying Issuer”). For every sequence of CDRs, the Prospectus will present further info concerning such sequence, together with info concerning the Underlying Issuer and Underlying Shares for such sequence. Neither BMO and its associates nor another individual concerned within the distribution of CDRs accepts any accountability for any disclosure supplied by any Underlying Issuer (together with info contained herein or within the Prospectus that has been extracted from any Underlying Issuer’s publicly disseminated disclosure).

BMO World Asset Administration is a model identify beneath which BMO Asset Administration Inc. and BMO Investments Inc. function. Every sequence of CDRs is simply provided to buyers in Canada in accordance with relevant legal guidelines and regulatory necessities.

“BMO (M-bar roundel image)” is a registered trademark of Financial institution of Montreal, used beneath licence.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20250206898760/en/

Contacts

Cboe Canada Media Contact:
media@cboe.ca

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