I recently (6 months ago and again just a while ago) bought FFH from TSX.
It is company that i had my eyes on since 2013 but was able to finally buy it.
Thanks to some of the postings here, I found out that FFH actually pays dividend in US dollar at source. So i said myself let me call RBC and make the pay the dividend as it comes. They said, they could do that if they were to switch my FFH to a US Account and warned that visually my investment would show in US Dollar. Fair enough I said.
Surprisingly once the change was done, it wasn't just switched to a US Account, they actually switched from FFH to FRFHF.
I called to understand, wasn't very clear. Something to do with the fact that FFH trades as an inter-exchanged stock. I don't even think their help-desk have the right understanding.
My question is why there was a need to actually switched from FFH to FRFHF ?
now that I own FRFHF, does that also means that i am also betting on the US Dollar ?
funniest part was that she told me that i could sell my share (when i decide to sell) into directly my CAD Account with no RBC conversation surcharge ??
i really got confused. Is there something magical about a stock that trades on two different exchange ?