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ex-rights

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Ex-rights
Shares of stock that are trading without rights attached.

ex-rights
Used to describe a stock that trades without giving the stockholder the privilege to receive rights to buy shares of a new stock issue. Because new shares are sold at below market price to rights holders, the rights have value. Thus, a stock trading ex-rights is worth less than the same stock with rights attached. A stock trading ex-rights is indicated in stock transaction tables in newspapers by the symbol x near the volume column. Also called rights off. Compare rights on. See also rights offering.


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The OMX share will be traded ex-rights to the dividend as of October 24.
The Company expects that its common stock will trade ex-rights on the Nasdaq National Market beginning on December 30, 2005.
NYSE: CEE) has announced, in connection with its previously publicized rights offering, that the New York Stock Exchange (NYSE) has confirmed the Fund is trading ex-rights as of today.
 
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