Depositary


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Related to Depositary: Depositary bank, Depositary receipt

Depositary

An agent appointed for a Tender or Exchange Offer who accepts certificates from shareholders, processes them and assures that the appropriate cash or new securities are properly remitted to the tendering party.

Depositary

1. A person entrusted with something of value, especially an agent in an exchange offer. The depositary in this sense acts as a go-between for the persons or firms making a transaction, ensuring that all securities and/or cash are given to the appropriate recipients.

2. A person or firm who keeps assets or securities on behalf of a client; for example, a bank. See also: Depository.
References in periodicals archive ?
All 23 million outstanding Series D Depositary Shares, and all 46 million outstanding Series E Depositary Shares, will be redeemed on the dividend payment date of Sept.
The Series E Depositary Shares will be redeemed on December 28, 2018 (the "Redemption Date") at a redemption price of $25.00 per Series E Depositary Share, representing an aggregate amount of $200,000,000, plus all accrued and unpaid dividends from, and including, September 30, 2018 to, but excluding, the Redemption Date (the "Redemption Price").
With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Bank delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services.
investor receives depends on whether an ADR is sponsored by a single depositary or unsponsored.
The Series V Depositary Shares not selected for redemption will remain outstanding after the redemption date and will continue to accrue dividends as set forth in the certificate of designations governing the Series V Preferred Stock and the deposit agreement governing the Series V Depositary Shares, with regular dividends on such shares for the quarterly dividend period from and including June 17, 2019 to but excluding September 17, 2019, if declared, to be paid on September 17, 2019 to holders of record on September 1, 2019, in the customary manner.
Earlier offerings had been in the form of American Depositary Receipts.
A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock
All 494,382 Series K Depositary Shares outstanding will be redeemed on July 30, 2018 for an aggregate redemption price of $494,382,000.
LuxAlpha's depositary was the Swiss bank UBS, which delegated custody for the assets to an entity managed by Bernard Madoff himself (the sub-custodian).
23 August 2011 - The Bank of New York Mellon (NYSE:BK), or BNY Mellon, has been hired depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) programme of Tudou Holdings Ltd, the Chinese online video company said Monday.
Global Banking News-February 15, 2011--Debenhams names Citi as depositary for ADR programme(C)2011 ENPublishing - http://www.enpublishing.co.uk
Bank of America Corporation (NYSE:BAC) on Thursday disclosed that it will redeem all outstanding shares of its 6.625% non-cumulative preferred stock, series W, and the corresponding depositary shares representing fractional interests in the series W preferred stock, on 9 September 2019.