No. of Recommendations: 1
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.


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.