Q: Hi Ryan A few months back I a full position in this stock I hold it in the US side of my account at RBC direct investing .
The Dividend arrives at Computer share their transfer agent converted to Can $ it is then transferred as to RBC in C$ RBC then allocates the funds to the the various accounts those on the Canadian side get C$ those who hold the stock on the US side get it reconverted to US$ this gyration cost me 2.5% of my dividend.
Canadian investors should be aware of this .
Stan
The Dividend arrives at Computer share their transfer agent converted to Can $ it is then transferred as to RBC in C$ RBC then allocates the funds to the the various accounts those on the Canadian side get C$ those who hold the stock on the US side get it reconverted to US$ this gyration cost me 2.5% of my dividend.
Canadian investors should be aware of this .
Stan
