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.
5i Research Answer:
Yes; as long as the right number is indicated in the transfer request then all the shares will be transfered one for one.