Shares of stock that are trading without rights attached.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Rights Off

Describing the sale of a share without any rights attached to it. That is, any rights that may be attached to the share remain with the seller. It is also called ex-rights and contrasts with rights on. See also: Rights offering, Ex-dividend.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
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 (CBUAE) and Securities and Commodities Authority (SCA).
The company stated that the common shares will trade on the TSX from the Effective Date to and including the Expiry Date and ex-rights trading of the common shares will commence on 30 November 2017.
The indicative issue price of 10 sen per rights share is a discount of about 33 per cent to the theoretical ex-rights price of its shares of 15 sen based on its closing price of 61 sen per share on July 24, 2015.
0.61% KEY dealing suspended price ex-divided price ex-scrip issue price ex-rights issue capital distribution ex-all value in sterling which have since the previous in bold type.
The company announced its shares are trading ex-rights from Wednesday.
QATI traded on an ex-cash dividend (QR2.50/share), ex-stock dividend (20%) and ex-rights (25%) basis from Tuesday (Feb.
The subscription price corresponds to a discount of some 35% to the theoretical ex-rights price (TERP), based on the share's closing
EU) (LSE: BKIR_u) has said that its rights issue will be priced at a 4.17 percent discount to theoretical ex-rights price, or TERP, based on Friday's closing share price of EUR1.534, which represents 64 percent discount to Friday's closing price.
The offer price represents a 52.4 percent discount to Thursday's closing price of 8.916 euros and a 37.3 percent discount to the theoretical ex-rights price.
The analysts see a 28% downside to the theoretical ex-rights price, or TERP, of EUR 13.90 (USD 20.313), i.e.