What are Toronto Stock Exchange and TSX Venture Exchange?

Toronto Stock Exchange (TSX), a subsidiary of TMX Group, was established in 1852. TSX is the largest stock exchange in Canada and one of the largest in the world. TSX Venture Exchange (TSXV), a subsidiary of TMX Group, is the most successful public venture capital exchange in the world. TSXV is primarily small-cap companies; however, many former TSXV-listed companies have graduated to TSX. Free information on TSXV stocks access TMXV Matrix.

Here is Real’s TSXV profile: https://tmxmatrix.com/company/REAX

Can a U.S. resident buy Canadian stocks listed on TSX Venture Exchange (TSXV)?

Yes.

How do I trade Real stock (TSXV: REAX) as a U.S. resident?

U.S. residents can can trade REAX using the following brokers:

  • Fidelity: you would need to open a taxable brokerage account with Fidelity. For online trades, the quoted fees are $19 CAD (roughly $14 USD) per trade plus 1%. Fidelity uses the symbol REAX:CA.

  • TD Ameritrade: REAX can be purchased over the phone with a broker who purchases directly from TSXV. TD Ameritrade quoted a $25 broker assisted fee and may be possible additional fees.

  • Interactivebrokers.com: this platform supports global trading including TSXV:REAX, but it is set up for relatively experienced investors.

You can also call your broker to find out if they offer direct trading for the stock you want to trade. The quote will be in Canadian dollars (CAD) and your broker may require you to set up a CAD trading account.

What happens with my Real stock options?

Per the REAL 2016 Incentive Option Plan, all existing options have been assumed under the current REAX option plan and will be exercisable into common shares of REAX on the basis of 1.0083 REAX shares for each 1 option. There is no need to sign a new stock option agreement.

Please speak to your independent tax advisor to understand any tax consequences applicable as a result of any option exercises.

Where can I view my options?

You can view your options in your Real app.

Now that Real is publicly trading, do I need to do anything with my options?

No. There is no need to exercise your options unless you want to sell shares in the company, or in case you leave Real, in which case you have 90 days to exercise the options.

How do I exercise my stock options?

Fill in the exercise notice on page 3 of the Stock Options Agreement that you signed when the options were granted. Send the form to support@joinreal.com. Once you send in the forms along with payment for the exercise price, Real directs Computershare to issue the shares to you.

How can I sell my shares after I exercise my stock options?

You may sell your share through Computershare’s sales facility or request to have the shares transferred to your broker.
There is more information available on the selling options from Computershare at https://www-us.computershare.com/Investor/ and in this document

https://cda.computershare.com/Content/c282e562-32ee-4e35-a1c6-6dc55e5279dd

Does Real have plans to trade on a US based exchange?

We are exploring the possibility of dual listing on a NY based exchange but we do not have a firm plan currently.

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