Starbucks Corporation Canadian Depositary Receipt (SRB0)

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https://www.starbucks.com

Starbucks Corporation Canadian Depositary Receipt is a Canadian Depositary Receipt (CDR) that provides Canadian investors with exposure to Starbucks Corporation, a global leader in specialty coffee and beverages. This CDR represents fractional ownership of shares in Starbucks Corporation, enabling purchases at lower price points typically starting around CAD$10 to $20 per unit, making high-value international stocks more accessible without needing full share equivalents. Traded in Canadian dollars on a Canadian exchange, it features a built-in notional currency hedge that adjusts daily via the CDR ratio to minimize foreign exchange risk between the Canadian dollar and the underlying share's currency. Investors retain proportional rights to dividends, paid in Canadian dollars, and voting eligibility akin to direct shareholders. Designed for ease of trading during Canadian market hours, the Starbucks Corporation Canadian Depositary Receipt simplifies global diversification for Canadian residents by eliminating direct currency conversion costs and foreign exchange complexities while focusing on the company's performance in the consumer goods and hospitality sectors.