Q: I have some Pan American Silver shares in my Canadian dollar account at my broker, but I also have some Pan American Silver shares in my US dollar account (obtained through a US takeover).
I don't think my broker charges anything to transfer the shares from my US account to my Canadian account, but my question is: When I move the shares from my US account, will they automatically transfer one-for-one so that I simply have all the shares combined in a single (Canadian) listing? This would save me an extra commission, and a potential foreign exchange hit, if I ever decide to sell them. Thanks.
I don't think my broker charges anything to transfer the shares from my US account to my Canadian account, but my question is: When I move the shares from my US account, will they automatically transfer one-for-one so that I simply have all the shares combined in a single (Canadian) listing? This would save me an extra commission, and a potential foreign exchange hit, if I ever decide to sell them. Thanks.
Q: With the take over of MAG by PAAS do I have to do anything in order to end up with PAAS shares.
Thank you for your good service a waiting your reply
Earl
Thank you for your good service a waiting your reply
Earl
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Pan American Silver Corp. (PAAS $49.75)
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MAG Silver Corp. (MAG $34.38)
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Pan American Silver Corp. (PAAS $35.53)
Q: Ref: Takeover. Since PAAS and MAG trade on 2 exchanges, will we receive PAAS shares, and cash, in the currency of our MAG shares or in US$? This is not very clear in the Arrangement document. Thanks.