Companhia Paranaense de Energia (Copel) Stock Update: ELPC Debuts After Mandatory ADR Conversion—What Investors Need to Know Before Monday
Copel’s preferred American Depositary Shares (NYSE: ELP) were mandatorily converted into common ADS under the new ticker NYSE: ELPC, following a governance overhaul. ELPC closed Friday at $9.65, up 8.92% on light volume after the conversion. Each ELP ADS converts to one ELPC ADS, with a $0.57315 cash dividend per ELP ADS payable Jan. 9. ELP is now delisted in the U.S.
