I was checking into switching from non-registered to registered stock ownership of shares I hold in CEF in one of my retirement accounts and one of my wife’s retirement accounts as well as an account I manage for my mother. Big surprise! To switch over costs $500 per position or $1500 for all three!!! I had a few choice words to the unfortunate Schwab person who had to deal with me and they are mailing me information regarding this situation so I can have documentation in hand to review. Seems that CEF is a non-participating (foreign) stock with Schwab and some Canadian bureaucracy charges Schwab $500 for this switch-over. Hopefully, the paperwork they are sending me will clarify and verify the truth of the matter and provide further details. I’ll keep folks posted.
I will appreciate you keeping us posted.