Sponsored ADR

(redirected from Sponsored American Depository Receipt)

Sponsored ADR

An American Depositary Receipt issued with the knowledge and cooperation of the company whose stock backs it. Unlike other ADRs, which simply give the monetary benefits of ownership, sponsored ADRs are treated just like common stock, complete with voting rights, only denominated in the U.S. dollar. In order for an ADR to trade on the New York Stock Exchange, it must be sponsored. See also: International depositary receipt.
References in periodicals archive ?
Sydney, Australia, Oct 31, 2011 - (ABN Newswire) - Global Nickel Investments NL (ASX:GNI) is pleased to announce the establishment of a Sponsored American Depository Receipt ("ADR") Program.
Sydney, Australia, July 28, 2011 - (ABN Newswire) - South Boulder Mines Limited (ASX:STB) (OTC:SBMSY) is pleased to announce the establishment of a Sponsored American Depository Receipt (ADR) Program.

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