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Motley Fool Global Gains / GGM: Intl. Broker Capabilities


Subject:  Re: Int Broker Capabilities Date:  1/12/2007  12:44 PM
Author:  TMFDoraemon Number:  42 of 196

Hi Richard,

I'm uncertain what ACFIF being open-ended has to do with the trade. Income trusts are open-ended to allow the issuance of additional shares. Many (if not all, though I haven't checked) are, as near as I can tell, open-ended. Unless they are referring to something else here.

I suspect the larger issue is that it is thinly traded -- a quality that will come up a bit in Wildcards and why we don't make these companies formal recommendations. This is common among "F" shares and some brokers handle it better than others. From what I've heard on the boards Fidelity does the best job and E*Trade was able to clear trades in CDCUF (Comerci) on a previous wildcard.

In some cases calling up and doing a broker assisted trade will get the trade done, though at a higher price. For comparison purposes you may also want to see what Schwab will charge you to trade the local shares on the Toronto exchange. I do not have a Schwab account, but I a friend of mine does and I think I remember him telling me they will do this -- for a price.

If you decide to go either of these routes I'd be curious to hear how it works out for you.


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