TSX:STB.DB.A - Post by User
Post by
Rak2on May 11, 2015 9:47pm
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Post# 23717472
Screwed
ScrewedWe just got screwed on the divvy being paid in USD. Now we, the shareholders: - Get to pay the exchange fees to convert from USD to CAD - Get the risk of USA vs. CAD exchange rates - Have to do more work to reconcile income for CRA - More time from my accountant ($$) to do more reconciliation - Forecasting income in CAD gets messier and inaccurate Overall, this is going to cost the shareholders money. It's a dividend cut in another way. B@stards! Those in the know got out of course, hence the slide of the last 2 months.