Q: I can book a tax loss on BCE (never thought I would be saying that), just wondering if I intend to buy it back in 30 days would RCI be an ok placeholder (Telus already owned) or placeholder not needed and just wait the 30 days in cash? (brokerage fees not a consideration). Thanks,
5i Research Answer:
We think RCI.B works fine as a proxy. Consider recent bank interest rate comments, the market rally, and RCI's ex-dividend date of Dec 7, we think a proxy makes sense right now.