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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (19128)	3/26/2009 10:46:47 AM
From: Tommaso	Respond to of 71475

It seems any ADR listed on the NYSE is exempt from dividend fees. ADRs traded on the NASDAQ have fees deducted in various ways and at various rates. Here's one explanation: storaenso.com How is the dividend fee determined? The dividend fee is stipulated in the Deposit Agreement between the depositary bank and the company based upon industry standards. The Deposit Agreement is filed with the SEC and is readily accessible by the public. What do I do if I do not wish to pay the dividend fee but still wish to retain a shareholding in Stora Enso? ADR shareholders can convert their ADRs to R shares denominated in Euros and quoted on the NASDAQ OMX Helsinki by contacting their broker and requesting a cancellation of their ADRs. Shareholders will need to have a local brokerage account in order to custodise thh R shares as no physical share certificates are available. Note that future dividend payments will then be made in Euros so conversion costs into US dollars need to be considered.