Company Announcements

New CDRs on Cboe Canada Offer Investors Easier Access to Global Markets

TORONTO--(BUSINESS WIRE)--Feb. 6, 2025-- Today, Cboe Canada Inc. (“Cboe Canada”) welcomes Bank of Montreal (“BMO”) with the launch of its first Canadian Depositary Receipts (“CDRs”).

BMO’s offerings provide Canadian investors with easier access to German, Swiss and Japanese markets. The new CDRs, representing Mercedes-Benz and Nestlé, are now listed and trading on Cboe Canada under the symbols MB and NEST, respectively. The next three new CDRs - Toyota (TOYM), Honda (HNDA) and Nintendo (NTDO) - will begin trading on February 10, 2025.

“This launch marks great progress in the Canadian investment landscape. BMO is helping to push the frontiers of foreign investing with their entry into the CDR market and widening access to globally diverse CDR listings,” said Rob Marrocco, Global Head of ETF Listings at Cboe. “We thank the BMO team for trusting Cboe Canada as its listing partner for these launches and are committed to providing exceptional support as they build out their CDR product shelf across international borders.”

BMO’s CDRs allow investors to buy stocks in blue-chip companies outside of Canada in Canadian dollars. The built-in currency hedge also reduces the risk related to currency rate fluctuations while fractional share ownership offers a way to invest in high-priced stocks through lower-priced partial shares.

“We are pleased to launch our CDRs on the Cboe Canada exchange, giving investors greater access to foreign markets, while minimizing the currency risk associated with investing overseas,” said Bill Bamber, Chief Executive Officer of BMO Global Asset Management. “BMO has plans to expand its CDR offering in Canada and increase the number of CDRs available for investors that are seeking to invest in a wider selection of world-class companies but also trade in Canada in Canadian dollars.”

For more information about CDRs, please visit https://www.cboe.ca/en/services/raising-assets/canadian-depositary-receipts.

Cboe Canada is home to the entire suite of CDRs, ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 15% of all volume traded in Canadian securities.

About Cboe Canada

Cboe Canada is a Tier 1 stock exchange, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Cboe Canada is part of Cboe Global Markets, the leading securities and derivatives exchange for the world stage. With exchanges in North America, Europe and Asia Pacific, Cboe is harnessing its global network to equip Issuers with essential capital markets solutions.

Connect with Cboe Canada: Website |LinkedIn|X |Instagram|Facebook

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.41 trillion as of October 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

This material is for information purposes only. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party.

An investment in CDRs issued by BMO may not be suitable for all investors. Important information about these investments is contained in the short form base shelf prospectus and prospectus supplement for each series of CDRs (together, the “Prospectus”). Purchasers are directed to www.sedarplus.ca or to bmogam.com to obtain copies of the Prospectus and related disclosure before purchasing CDRs of a particular series. The information contained herein is not a recommendation to purchase these investment products.

Each series of CDRs relates to a single class of equity securities (the “Underlying Shares”) of an issuer incorporated outside of Canada (the “Underlying Issuer”). For each series of CDRs, the Prospectus will provide additional information regarding such series, including information regarding the Underlying Issuer and Underlying Shares for such series. Neither BMO and its affiliates nor any other person involved in the distribution of CDRs accepts any responsibility for any disclosure provided by any Underlying Issuer (including information contained herein or in the Prospectus that has been extracted from any Underlying Issuer’s publicly disseminated disclosure).

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Each series of CDRs is only offered to investors in Canada in accordance with applicable laws and regulatory requirements.

“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.

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Cboe Canada Media Contact:
media@cboe.ca

Source: Cboe Canada Inc.