Q: Hello 5i, I own Crew in a cash acct and TOU in my RSP acct I think if I take the shares they would go into the RSP acct but not sure as I do not want more shares in my RSP. Could you comment as to if Crew shares will pay a dividend or special dividend ?
I would like your opinion as to sell Crew shares now or wait to see if TOU shares increase in value over the next 2 month's.
I would like your opinion as to sell Crew shares now or wait to see if TOU shares increase in value over the next 2 month's.
5i Research Answer:
In a share exchange the TOU shares will replace CR shares in whatever account CR is in. CR does not pay a dividend, but once shares are exchanged then TOU shares do pay a dividend as well as regular special dividends (most recent is to be paid Aug 21). TOU is one of our favourites within the sector and we would be quite comfortable tendering CR shares to the TOU offer and keeping TOU shares for sector exposure.