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The American Stock Exchange today began trading Internet Architecture HOLDRSSM Depositary Receipts, which give investors ownership interestin the stocks of 20 specified companies involved in various aspects of the Internet architecture business. A total of 2.7 million depositary receipts were issued yesterday at $94.41 each and will trade unde the symbol of IAH. Internet Architecture HOLDRSSM represent investors undivided beneficial ownership interest in each of 20 underlying ompanies involved in the Internet Architecture business. Investors may buy and sell the receipts in lots of 100 shares, just as they would any stock. Investors may also cancel their depositary receipts, receiving the underlying shares, or request creation of additional depositary receipts by delivering to the trust the required underlying stock. Discussion about its stragegic and/or tactical uses are welcome! pcyhuang huangcapital.com | ||||||||||||||
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