Q: I picked up a # of CVE in usd and a # of CVE in cad because of cash available in different denominated portfolios. I can do a securities transfer to marry up the two in one accout with no fee and consolidate the position to tidy things up. My question is for 5i, which way would you go with this transfer? Move the USD CVE to the CDN account or the other way? Im thinking move the CVD usd to the cad as the dividend is probably paid in cad and would save on currency exchange fees. What are your thoughts?
Cheers!
Cheers!
5i Research Answer:
We would agree; the dividend is in C$ and no conversion fees would thus apply if held on the Canadian side.