nelis Posted January 14, 2010 Share Posted January 14, 2010 I'm a Canadian with an RRSP account with RBC Action Direct. When I look at my holdings now, they show my Farifax shares as FFH-U. This seems odd to me; why wouldn't they just keep my shares as the Canadian ones? What really stokes the steamer is that if I "sell" some Fairfax; I would have to pay a conversion to Canadian dollars. Has anybody else encountered this or inquired why? Or am I missing something? Link to comment Share on other sites More sharing options...
nodnub Posted January 14, 2010 Share Posted January 14, 2010 I'm a Canadian with an RRSP account with RBC Action Direct. When I look at my holdings now, they show my Farifax shares as FFH-U. This seems odd to me; why wouldn't they just keep my shares as the Canadian ones? What really stokes the steamer is that if I "sell" some Fairfax; I would have to pay a conversion to Canadian dollars. Has anybody else encountered this or inquired why? Or am I missing something? Did you try asking your broker about this? I suspect they will tell you that you can exchange FFH-U.TO for FFH.TO at any time without any consequence via a simple phone call to your broker--they just make a journal entry on the account to switch it. It is the same security, just in different currency. Both FFH-U.TO and FFH.TO would have the same CUSIP... treated similarly as stocks that are dual listed on NYSE and TSX. nodnub Link to comment Share on other sites More sharing options...
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