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Privilege granted shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public. Such a right, which normally has a life of two to four weeks, is freely transferable and entitles the holder to buy the new common stock below the public offering price. See: Warrant.

Rights Offering

In stock, the ability of a shareholder to maintain the same percentage of ownership in a company should the company issue more stock by buying a proportional number of shares at or below the market price. This protects the investor from devaluation of his/her shares if the company decides to hold a round of financing. The purchase of this proportional number of shares usually takes place before the new issue is offered to the secondary market, and must be exercised before a certain date (known as the expiration date) if the shareholder is to maintain the same percentage of ownership. Rights offerings or issues are also called subscription rights or simply rights. See also: Anti-dilution provision.


A certificate that permits the owner to purchase a certain number of shares, or, frequently, a fractional share of new stock from the issuer at a specific price. Rights are issued to existing stockholders in proportion to the number of shares the stockholders already own. Rights then may be combined with cash to purchase the new shares or they may be sold to other investors. Rights usually have value because they permit the owner to purchase shares of stock at less than the market price. A right is indicated in stock transaction tables by the symbol rt, appearing after the stock's name. Also called stock right, subscription right. See also ex-rights, preemptive right.
Should rights be sold or used?

Rights offerings refer to the right of an investor to maintain his or her percentage ownership in a company when the company decides to issue new stock. Generally the company will do so at a discount to its market price to attract buyers, thus the existing stockholders' rights have value. The decision a rights holder must make is whether to put more money into the stock of this company or to sell the rights in the open market as compensation for the dilution of his or her percentage ownership in the company. TIP: Such a purchase depends completely on the individual's circumstances, goals, prejudices, and objectives—just as in any other stock purchase—and should be approached accordingly.

Thomas J. McAllister, CFP, McAllister Financial Planning, Carmel, IN


The opportunity a corporation gives a shareholder to buy additional shares at a special price for a limited time. Shareholders who don't use their rights can sell them to other investors.
References in periodicals archive ?
Research midwife Chrissie Hill-Evans, of University Hospital in Walsgrave, said: "The aim of the study is to detect babies who have been born after 35 weeks with potential congenital heart disease that may not have been picked up during routine newborn baby examinations.
A paediatric and adult congenital heart disease cardiologist discussed the common lifestyle issues for adult congenital heart disease patients.
Many studies report cognitive difficulties in children with congenital heart disease and a positive correlation between level of cognitive functioning and clinical severity of cardiopathy (Silbert et al.
Professor John Deanfield, of the British Heart Foundation, said: "The treatment of congenital heart disease has been one of the major medical successes of the century, but it's a story which is far from over.
Our role will also advise and teach carers and hospital staff about congenital heart disease ensuring they have up-to-date information available to facilitate high-quality care.
In a recent issue of Science the consortium reported exome sequence analyses of more than 1,200 children and their parents and showed that children with both congenital heart disease and neurodevelopmental delays share certain genetic mutations that thwart the normal development of both the heart and the brain.
The 3-D prints will help improve our decision-making in the treatment of complex congenital heart disease," said Dr.
SAN DIEGO -- Elevated symptoms of anxiety are markedly more common than depression in adults with congenital heart disease, Lisa Deng reported at the annual meeting of the American College of Cardiology
This week, an international group of more than 800 medical experts gather at the nation's largest pediatric cardiology conference to discuss challenges in treating congenital heart disease in the fetus, neonates, children and young adults.
The centre aims to become a global leader in improving care and outcomes for patients with congenital heart disease.
NHS England is holding a public event in Newcastle as part of its review into the standards of care for children and adults with congenital heart disease.
campaign will help fund lifesaving heart research, helping over 40,000 youngsters to fight congenital heart disease.

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