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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Taikun who wrote (7813)10/6/2004 12:13:38 AM
From: Seeker of Truth  Read Replies (3) of 11633
 
Taikun, it appears from some kind person's post somewhere that nobody can actually BUY exchangeable shares. They are given in exchange for a certain number of shares in a company when the company becomes a trust. So only the owners of those shares get them. After receiving them they can either hold them or exchange them for the trust units. As for receipts, my impression is that you have to be in on the bought deal, ie. between the company and the broker consortium in order to get them. I still think it's possible that US residents can sell Canadian puts and calls. Did you ask that of Ameritrade? By the way I'm the owner of some AEr.TO right now but what's the big deal on them? In a few days they will become actual units, so far as I understand. Or maybe technically they will be cancelled and units will be issued to me. There's no tax advantage, that I know of.
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