Sponsored ADR

(redirected from Sponsored American Depository Receipts)

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 ?
NEW YORK -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased sponsored American Depository Receipts ("ADRs") of Barclays PLC ("Barclays" or the "Company") (NYSE: BCS) between July 10, 2007 and June 27, 2012.
Its shares are also traded on the New York Stock Exchange in the form of sponsored American Depository Receipts (ADRs).