Q: I didn't journal TCN to my US account for the dividend. Will it make a difference regarding currency when the 'go private' deal is done since it is a Cdn listed stock and only the dividend was paid in USD?
Is it best to buy RBA on the US exchange and are the dividends paid in USD? I want to avoid currency conversions as much as possible and this info is not readily apparent to me.
Many thanks.
Is it best to buy RBA on the US exchange and are the dividends paid in USD? I want to avoid currency conversions as much as possible and this info is not readily apparent to me.
Many thanks.
5i Research Answer:
Unless the offering circular (not out yet) states otherwise, the $11.25 will be paid in US dollars. Brokers will convert currency if the stock is held in a Canadian dollar account. RBA dividends are in US dollars and to avoid conversion we would be comfortable buying in the US, where the shares are quite liquid.