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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (17255)	2/18/2000 2:46:00 PM
From: Cy	Read Replies (2) \| Respond to of 18016

Is there any grandfather rules? If we exchanges NNC with ALA on takeover, we do not need to adjust the foreign content % until we actually sell ALA. Say my RRSP 100% is in NNC and I exchanges it with ALA. 100% of my portfolio is then in foreign. I think that I do not need to do anything until I sell ALA. Besides, foreign context is based on book value not current market value. Just a thought!

To: Doug who wrote (17255)	2/18/2000 2:48:00 PM
From: Frodo	Respond to of 18016

Doug, On the RRSP side, I have been through this once before. ( af couple of years back) As far as Gestapo Canada is concerned, the 20% rule applies to equities at "purchase". If I had my full 20% foreign content ( and do ), an ALA for NN stock swap would not mean I had to get rid of any foreign equity to get down to 20%. If I had 0% and the swap brought me up to 10%, I could only fill another 10% to get to the 20%. Confusing??? you bet, but that's Revenue Canada