GREY:CXSNF - Post by User
Comment by
TimeScapeon Mar 21, 2014 11:13am
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Post# 22351351
RE:??????
RE:??????My understanding is that you will get the dividend no matter where you hold the stock. If that is inside an RRSP, TFSA or RRIF, there will be a penalty for holding a disallowed investment. In an RRSP the penalty is 50% of the value of the investment. Don't know what the penalty is in the others. What you should do is sell the CXS you hold inside your RRSP, TFSA or RRIF by next Thursday and buy it back in a non-registered account if you want to continue to hold CXS. I sold mine this morning, because it was inside my RRSP. Not very shareholder friendly - I'm not impressed with management doing this. No intention to buy the stock back. Do that to me and I move on. never heard of a company doing this before. Yikes.