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FFH and FFH-U Question Again.


nelis
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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?

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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

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