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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Khaled Rafih who wrote (1871)5/30/2000 2:24:00 PM
From: TonyL  Respond to of 3891
 
I'm new to this board and I hope you don't mind my adding my two cents. I have Newbridge shares in my RRSP and TD Waterhouse Canada told me that as long as I hold these "Exchangeable shares" I presume these to be AT.TO, they will be considered Canadian content. Only when I exchange them to Alcatel shares will the foreign content rules apply. Therefore if they represent more then the allowable 20% one would exchange and sell in the same day. TD said that this can be done.

Hope this helps.



To: Khaled Rafih who wrote (1871)5/30/2000 3:09:00 PM
From: Herb Duncan  Read Replies (1) | Respond to of 3891
 
They are right, my understanding is you have 2 years to clear it from your RRSP without incurring a penalty, that's long enough to make a few bucks and then just reduce it to the allowable foreign investment.


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