CCH Goes Global With Daily Capital Changes Coverage
(RIVERWOODS, ILL., February 1, 2000) Responding to
increasing investor interest in the global diversification of security holdings, CCH
INCORPORATED (CCH) is now offering daily capital changes information on more than 2,200
companies with equity securities that are either American Depositary Receipts (ADRs) or
global equity securities. CCH, a leading provider of financial, securities and business
law information, is providing this timely new information as part of its new service, ADR/Global
Capital Changes Daily.
CCHs line of Capital Changes products, available via print, the Internet, Lotus Notes and direct
data feed, provide the most authoritative and comprehensive information to securities, tax
and investment professionals who need to compute a security holders gain or loss
from capital changes.
Offering a significant expansion of equity coverage, ADR/Global Capital Changes
Daily provides the same detailed information now provided for U.S. domestic
companies by CCHs Capital Changes products on foreign companies whose
stock is traded in the U.S. on the NYSE, NASDAQ-ASE or traded over-the- counter.
"Information on these securities can be difficult to obtain and the transactions
are complex. The content and ease and speed of delivery provided by ADR/Global Capital
Changes Daily represent a very high level of value-added information for professionals
who rely on capital changes information," said CCH Business and Finance Group
marketing manager Peggy Hayner.
With this new comprehensive daily coverage, professionals have access to information
about foreign companies registered with the Securities and Exchange Commission whose
corporate actions have federal income tax consequences and require specialized reporting
of facts, figures and tax treatment.
Unlike their counterparts in the U.S., where companies trading OTC can often be small,
start-up companies that would not qualify for listing on one of the exchanges, ADRs and
Canadian companies traded OTC include major firms, some of which may be partly or even
wholly-owned by their government.
An ADR is created when a security from a foreign market is deposited with a bank
located in the U.S. (the depositary). Then, the depositary bank issues certificates in the
U.S. that represent and are backed by the deposited securities. It is these certificates
that trade in the U.S.
Global stocks are securities that trade simultaneously in the U.S. and in their home
"At the moment almost all global stocks are Canadian. Daimler Chrysler, however,
was the first major issue outside of Canada to use this structure and more are expected to
follow," said Hayner.
About ADR/Global Capital Changes Daily
With ADR/Global Capital Changes Daily, professionals have timely, ready access
to a wide range of ADR and global transaction information including:
- Exchanges of securities in recapitalization, reorganization, merger and consolidation.
- Cash purchase offers for securities.
- Stock dividends or splits and other distributions of securities to owners of outstanding
- Stock rights offerings (proceeds from sale of rights).
- Poison pills.
- Offering, adjustment and call of convertible or securities and warrants.
- Offering of units (two or more securities packages together: e.g., bond plus warrants).
- Liquidating and principal distributions.
- Worthless security losses.
- Dividends on preferred stock redemptions.
- Conversion adjustments to securities bonds.
- Warrant extensions.
- Prepayment of bond interest.
- Name changes.
- Bankruptcy plan status and final resolution of bankruptcy action.
Pricing and Availability
For more information or to order ADR/Global Capital Changes Daily,
call 800-449-6435. ADR/Global Capital Changes Daily is available via the
internet, Lotus Notes and direct data feed.
About CCH INCORPORATED
CCH INCORPORATED, founded in 1913, has served four generations of business
professionals and their clients. The company produces approximately 700 print and
electronic products for tax, legal, securities, human resources, health care and small
business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S. The CCH web site
can be accessed at www.cch.com. The CCH
Business and Finance Group web site can be accessed at business.cch.com.
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