BMO launches five CDRs of U.S. large caps

Executive Summary

• Bank of Montreal (BMO) launched five new Canadian Depositary Receipts (CDRs) providing exposure to U.S. equities such as Adobe, Boeing, Costco, Super Micro Computer, and Walmart.
• The CDRs began trading on the Cboe Canada exchange today, with the initial offering already closed.
• Each CDR will trade under specific ticker symbols listed in the accompanying table (not reproduced here).

Key Details

• New CDRs Introduced: 5 distinct CDRs representing shares of Adobe Inc., The Boeing Company, Costco Wholesale Corp., Super Micro Computer, Inc., and Walmart Inc.
• Exchange: All CDRs are listed on the Cboe Canada exchange and commenced trading on the announcement date.
• Initial Offering Status: The initial offering for all five CDRs has been completed and closed prior to public trading.
• Ticker Symbols: Specific ticker symbols assigned to each CDR are provided in BMO’s release (see attached table).
• Purpose: Expands Canadian investors’ access to major U.S. equities through a regulated depositary receipt structure, enhancing product diversity on the Canadian market.

Notable Quotes

(No direct quotes were included in the release.)