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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

07/14/16 at 3:53 PM CDT

 

 

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Sentiment:

Neutral

Re Fees on ADR Dividends

OK, I spoke with one representative from one of the brokerage houses I use.  He said:

Fees vary from one ADR to the next.  ADRs have a designated bank which sponsors it (BNY Mellon in Nokia's case).   According to him the fee is arrived at on a variety of factors, including the European burse that it trades at in the foreign country, the country and of course the sponsoring bank, hence the difference in charges.

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