Broadband HOLDRS represent investors' undivided beneficial ownership interest in the common stock of 20 companies that, among other things, develop, manufacture and market products and services, which facilitate the transmission of data, video and voice more quickly and efficiently than traditional telephone line communications.
The annual expense for owning HOLDRS is 8 cents per share, or generally less than 0.
The specific share amounts underlying each round lot of 100 Market 2000+ HOLDRS are set forth in the chart below.
In July 1998, Merrill Lynch launched its first HOLDRS product, Telebras HOLDRS (TBH), with an initial market capitalization of about $4.
Investors in HOLDRS may engage in a number of sophisticated investment strategies that may not be available with other investments as HOLDRS can be exchanged for specific underlying stocks.
In addition, investors can obtain price quotes on any HOLDRS issue, review the composition of any HOLDRS security and explore a variety of investment strategies that take advantage of the HOLDRS platform.
Regional Bank HOLDRS (RKH) represent investors' undivided
By investing in semiconductor companies through the HOLDRS platform, investors can unlock the power of diversification through an extremely efficient investment vehicle.
TTH and PPH are Merrill Lynch's latest offerings from its new, innovative HOLDRS investment structure.
are Merrill Lynch's second offering from their new, innovative HOLDRs
(SM) investment platform.
Following on the popularity of its Internet HOLDRS (HHH), Merrill Lynch has launched three new HOLDRS that identify and deliver investment opportunities in three distinct Internet industry sub-sectors: business-to-business, infrastructure and architecture.
3,766,700 Internet HOLDRs
were priced for initial sale to the public today at an aggregate offering price in excess of $400,000,000.