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ex-rights

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Ex-Rights
A condition of a share price after a rights issue on the stock has either expired, been transferred to another investor or been exercised. The rights originally assigned to the stockholder are, for whatever reason, no longer valid or no longer applicable to the stock.

Notes:
Ex-rights shares are worth less than shares that are not yet ex-rights - the ex-rights shares do not give a shareholder access to a rights offering. Renounceable rights may trade separately, allowing shareholders to choose to sell their rights rather than exercise them.


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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? Mentioned in ? References in periodicals archive
 
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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