Guilder Share - New York Share

Shares representing Dutch companies that are not permitted to trade outside of national borders. Also known as a "New York share".

Normally, foreign equities are traded in America as ADRs. However, the Dutch regulatory body does not permit their companies to issue ADRs linked to active home country shares (which is the normal procedure). Instead, a number of underlying home country shares are cancelled and the equivalent amount of guilder shares are issued.

Investment dictionary. . 2012.

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