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Article: CIBC World Markets Launches Income Deposit Securities on Amex; A brand new equity offering introduced to the U.S.
- Article from:
- PR Newswire
- Article date:
- December 5, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Dec. 5 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today the launch of an exciting new product category from CIBC World Markets called Income Deposit Securities, or IDS, which made their debut on the Exchange with the initial public offering of Volume Services America Holdings, Inc.
IDS are yield-oriented securities that consist of debt and common stock of a single company paired together into a single unit for trading purposes. CIBC expects IDS to be an attractive new investment opportunity for investors searching for high yield, safety and stability following a three-year bear market. IDS are designed to distribute nearly all ...