Banco Itaú Chile Announces Termination Of American Depositary Shares Program
Portfolio Pulse from Benzinga Newsdesk
Banco Itaú Chile (NYSE:ITCL) has announced the termination of its American Depositary Shares (ADS) program. The Bank of New York Mellon, as depositary, issued a termination notice on November 8, 2023, with the program set to end on February 5, 2024.
November 10, 2023 | 12:00 am
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The termination of Banco Itaú Chile's ADS program may impact the liquidity of its shares and could potentially affect the stock's price.
The termination of the ADS program means that Banco Itaú Chile's shares will no longer be available for trading in the form of American Depositary Shares. This could reduce the liquidity of the shares and potentially affect the stock's price as it may limit the pool of potential investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100