[Series 65] 26, ADRs REITs and Other Equity Securities

About this episode

This episode covers American Depositary Receipts, Real Estate Investment Trusts, and other equity securities relevant to the Series 65 exam.

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - American Depositary Receipts (ADRs) trade in U.S. dollars but expose investors to significant currency risk. - Real Estate Investment Trusts (REITs) must distribute at least 90% of their net investment income to shareholders to avoid corporate-level taxation. - Rights are short-term instruments issued to existing shareholders to let them maintain their proportionate ownership during new share offerings. - Warrants are long-term instruments, often used as sweeteners, with an exercise price set above the market price at issuance. - The Series 65 exam frequently tests the distinctions between rights and warrants, particularly their timeframes and initial exercise prices. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

People in this episode

Host: Ran Chen

Topics covered

• ADRs
• REITs
• Equity Securities
• Investment Instruments
• Series 65 Exam Preparation

Keywords

• ADRs
• REITs
• Series 65
• investment
• equity securities
• rights
• warrants

Mentioned in this episode

Organizations: Open Exam Prep

Products: American Depositary Receipts (ADRs), Real Estate Investment Trusts (REITs), Rights, Warrants

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