Ex-rights date

The date on which a share of common stock with rights on it begins trading ex-rights.

Ex-Rights Date

The date on which any right on a stock that has been declared, but not distributed, belongs legally to its seller rather than the buyer. That is, when one sells a stock on or after the ex-rights date, the right will remain with the seller when it is distributed. On the other hand, if it is sold before the ex-rights date, the right will go to the buyer. See also: Ex-dividend date.

ex-rights date

The first day of trading on which new buyers of a firm's stock will not be entitled to receive recently declared rights to buy shares in a new security issue.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

References in periodicals archive

The lender will announce the timetable for the rights issue, including the ex-rights date, rights trading period as well as subscription period after the approval of the Central Bank of the UAE and Securities and Commodities Authority.

NEWS HIGHLIGHTS

The ex-rights date will be on February 12 while the offering period will be from February 26 to March 2, 2018.

PSE sets date for its stock rights offering

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