Investor FAQs

  1. When was the initial public offering (IPO) of SM and what was the offering price?

    SMIC's IPO was launched on March 22, 2005. The IPO price was at PHP 250 per share.
  2. What is the Stock Symbol (Ticker)? 

    SMIC's stock symbol on the Philippine Stock Exchange is “SM”. Its American Depositary Receipts (ADR) are available over-the-counter in the US and trade under the symbol “SMIVY”.
  3. How do I buy Stocks of SMIC?

    You may contact any registered stock broker to buy stocks of SMIC listed on the Philippine Stock Exchange. For a list of trading participants who can trade on the Philippine Stock Exchange, you may visit www.pse.com.ph.

    You may also call:

    BDO Securities Corporation
    20th Floor South Tower BDO Corporate Center
    7899 Makati Ave. corner H. V. De La Costa St.
    Makati City, Philippines 0726

    Trading Desks   +63 2 878 4070
    Operations:   Settlements +63 2 840 7000 loc. 6392 or 6394 or 6386
                        Securities Custodianship +63 2 840 7000 loc. 4034 or 6068 or 2104
                        Research  +63 2 840 7000 loc. 6387
                        Compliance  +63 2 840 7000 loc. 2496
  4. Does SM pay dividends?

    SMIC has been consistently paying out 30% of its net income to shareholders every year since its listing in 2005.
  5. Who are SMIC’s external auditors?

    SyCip, Gorres, Velayo & Co.
  6. When is SMIC’s Annual Stockholders’ Meeting (ASM) and how do I participate?

    SMIC’s ASM typically takes place in late April. Stockholders are notified of the exact time and location in writing in advance and may either attend in person or submit their proxy voting forms.
  7. How do I get to know more about SM's recent performance and future plans?

    Our investor relations materials covering these are available here.
  8. Where can I find SMIC's announcements and releases?

    SM provides regular updates about its plans and programs through press releases which are listed on this page; or through media briefings which are held on a quarterly basis. News coverage is  archived here.

    Recent stock exchange and SEC filings and press announcements are also available here.



  1. What is an American Depositary Receipt (commonly known as ADRs or DRs)?

    American Depositary Receipts (commonly known as ADRs or DRs) are negotiable securities issued by a U.S. depositary bank to domestic U.S. buyers as a substitute for direct ownership of publicly traded stocks of a foreign company. DRs can be traded on U.S. trading venues such as New York Stock Exchange, NASDAQ and over-the-counter on OTC Markets.
  2. What is a DR ratio?

    The number of underlying shares (whether multiple or fractional) represented by a single DR. SM Investments Corporation’s (SMIC) DR to ordinary share ratio is 2:1, that is, two DRs will be represented by one SMIC ordinary (local) share.
  3. What are the benefits of DRs to U.S. investors?

    U.S. investors may prefer to purchase DRs rather than shares in the issuer’s home market because DRs trade, clear and settle according to U.S. market conventions. DR price and dividends paid to DR holders are denominated in U.S. dollars. Additionally, there may be a cost benefit to holdings DRs versus holding foreign shares in the U.S.
  4. Where are SM Investments Corporation (SMIC) DRs traded?

    SMIC’s DRs are traded on the OTC (over -the-counter) market in the US under the ticker symbol SMIVY and CUSIP #78455R205.
  5. How do I obtain trading information and historic prices of SMIC ADRs?

    Trading information and historic prices for SMIC’s ADRs can be found on the BNY Mellon website: www.adrbnymellon.com.
  6. How do I convert SMIC’s shares into ADRs?

    Converting shares into DRs must be done through a broker or investment advisor.
  7. Where do I find information on dividend payments for SMIC?

    For SMIC’s dividend information, please visit the following websites: SMIC – Investor Relations (http://sminvestments.com ), OTC Markets Inc. (http://www.otcmarkets.com/home), The Philippine Stock Exchange (http://www.pse.com.ph/stockMarket/home.html).
  8. How are DR dividends paid and taxed?

    Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares.
  9. Can I have my dividends paid directly into my bank account?

    Dividends for beneficial holders (those who keep their holdings in a broker’s account) will be paid to the DR shareholders‘ brokers through Depositary Trust Company (DTC), the security clearing and settlement system in the U.S. Registered holders (those who holds their holdings in physical or book form in the depositary’s share registry for SMIC, will be paid directly through BNY Mellon‘s Transfer Agent.