The Portfolio will generally treat gains or losses on non-U.S. currency hedging transactions as capital gains or losses in accordance with the advice of counsel and the current administration position of the CRA, but if such transactions were treated on income rather than capital account, after tax returns to unitholders could be reduced and the Portfolio could be subject to non-refundable income tax. (cibc.com)
The non-U.S. currency hedging transactions will involve using derivatives such as options, futures, forward contracts, swaps and other similar instruments. (cibc.com)
The company does not allow any of its employees to enter into hedging transactions involving its common stock. (amtd.com)