OGC previously directly deposited dividends into Australian bank accounts at the prevailing CAD:AUD exchange rate thereby avoiding the need for Australian shareholders to incur expensive bank charges for depositing a foreign currency cheque. If we need to pay such fees to deposit a USD cheque, we will be disadvantaged relative to US domiciled shareholders.
I called OGC's Melbourne office about this issue and, although they couldn't assist, they gave me the email address of their Director of Investor Relations, Mr Sam Pazuki, in Canada, suggesting this be brought to his attention. < email:
[email protected] > Mr Pazuki replied to my email that "we will look to see how we can address this for the next dividend." I couldn't really read from his reply whether they would look into this for the dividend announced on Feb 19th, or the next one. I suggest you email your concerns to Mr Pazuki.
