FIC Canada
After purchasing shares, when do I receive confirmation of my share purchase?
When members make a share purchase (investment) the share purchase "filing" is batched with other member "filings". This is a part of our ongoing efforts to reduce expense (as it costs as much to do one as many). Once the "filing" (with the related securities commission) is done a copy of the share certificate will be mailed to the member who has made the investment. This can take in excess of 90 days.
Note: We have looked at this from many directions - regarding the costs vs. wait time ratio and with the decrease in one, the other increases proportionately. It is a balancing act. We appreciate your understanding in this matter.
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