FAQ about the ADR Program

The American Depositary Receipt (ADR) program facilitates investment in Daimler Truck Holding AG (“Daimler Truck”) by North American (and other USD) investors. An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs trade, clear and settle just like any U.S.-listed company shares and can be bought or sold through any U.S. registered brokerage. Daimler Truck ADRs are traded on the OTC market.

Frequently asked questions about ADRs

An American Depositary Receipt (ADR) is a receipt representing ordinary or common shares of non-US company security that trades in the US. North American (and other USD) investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs are priced in US dollars and trade, clear and settle according to U.S. market conventions. Investors can buy ADRs in the same way as they purchase or sell shares of US securities. Get more information on ADRs.

Converting ordinary shares into ADRs must be done through a broker, an investment advisor or BNY Mellon.

You can buy or sell an ADR through a broker just as you would buy or sell US securities.

Since December 10, 2021 Daimler Truck ADRs are trading on the U.S. Over-the-Counter (OTC) market under the symbol “DTRUY”. You can refer to http://www.otcmarkets.com.

ADRs trade, clear and settle according to U.S. market conventions with stock quotes in US dollar. One of ADRs’ top advantages is the facilitated diversification into foreign securities. ADR holders also appreciate US dollar dividend payments and receiving corporate action notifications. ADR investors have the ability to acquire the underlying securities directly upon cancellation.

BNY Mellon is the depositary bank and plays a key role in the process of issuance and cancellation of ADRs. For more information, please visit:


An ADR ratio provides the number of underlying shares represented by one ADR. Each 2 Daimler Truck ADR represent one Daimler Truck ordinary share on the Frankfurt Stock Exchange. The two securities trade very close to parity once the ADR ratio and foreign exchange aspects are accounted for.

ADR holders are entitled to dividends, which will be distributed in U.S. dollars and are generally taxable, just like dividends on U.S. shares.

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