JPMorgan Announces Hypo Real Estate ADR Program.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 6, 2003 JPMorgan (NYSE NYSE See: New York Stock Exchange :JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) announced a sponsored American Depositary Receipt sponsored American Depositary Receipt An American Depositary Receipt in which the company whose shares are held in custody has direct involvement in issuance of the ADRs. (ADR ADR - Astra Digital Radio ) program for Hypo Real Estate The Hypo Real Estate Holding AG (ISIN: DE0008027707) is based in Munich, Germany and comprises three banks:
See: Over-the-counter. OTC See over-the-counter market (OTC). : HREHY). The issuer, a leading international provider of commercial real estate financing, is a spin-off from Bayerische Hypo-und Vereinsbank AG (OTC: HVMGY), the German financial services group. The company's commercial real estate financing activities comprise mainly the acquisition, structuring and provision of cash flow-based financing for professional real estate customers. The key real estate markets for the company's business strategy are France, Germany, the United Kingdom and the United States. One Hypo Real Estate ADR (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 44915W101) equals one ordinary bearer share Bearer share Security not registered on the books of the issuing corporation and thus payable to possessor of the shares. Negotiable without endorsement and transferred by delivery, thus avoiding some of the control associated with ordinary shares. traded in Frankfurt. For additional information on the company, see www.hyporealestate.com. Note: In the spin-off of Hypo Real Estate Holding AG, the ordinary bearer shareholders of Bayerische Hypo-und Vereinsbank AG receive one (1) ordinary bearer share of Hypo Real Estate for every four (4) Bayerische Hypo-und Vereinsbank AG ordinary bearer shares held. ADR holders of Bayerische Hypo-und Vereinsbank AG receive one (1) new Hypo Real Estate ADR for every four (4) Bayerische Hypo-und Vereinsbank AG ADRs held, with cash paid in lieu of fractional share Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. entitlements. The ADR record date for the spin-off was October 2, 2003, and the payment date for new Hypo Real Estate ADRs is October 9, 2003. J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $803 billion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, investment management, private banking and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , J.P. Morgan Chase & Co. is headquartered in New York and serves more than 30 million consumers nationwide, and many of the world's most prominent corporate, institutional and government clients. For more information, visit jpmorganchase.com and JPMorgan's adr.com, the central source for information on ADRs and international equities. JPMorgan's Global ADRenalin equity research is available through the Bloomberg Professional(R) service under "ADRJ". The pricing and constituent list for the S&P ADR Index, an investable ADR index developed with JPMorgan, is available at adr.com and spglobal.com. Information on JPMorgan's ADR MAX, the ADR market's first online, automated marketplace for ADR traders, brokers and investors to execute ADR/ordinary share cross transactions, can be accessed at adrmax.com. For comprehensive search tools on the entire ADR universe, see adr.com/universe. Neither this announcement nor the information contained herein constitutes an offer or solicitation by JPMorgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. The ordinary shares referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the benefit of United States persons, except pursuant to an applicable exemption from registration. Information herein is believed to be reliable, but JPMorgan does not warrant its completeness or accuracy. Services offered through JPMorgan Chase Bank and J.P. Morgan Securities Inc., member NYSE/NASD/SIPC. |
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