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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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
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.


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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
So, for those of you in the right-handed majority who are reading this, think about it.
The chance to race on the July course at Newmarket - which has only one right-handed bend, a mile from the finish - should therefore be less taxing for Sulamani in the Princess of Wales's Stakes on Wednesday.
For example, right-handed pull hitters batted something like .366 against me on the first pitch - a one-pitch at-bat.
A mixture of left- and right-handed forms of the antinausea drug thalidomide caused grievous birth defects during the 1950s and 1960s.
So left and right-hand drive advantages/disadvantages can often change as you move from the country in which you learned to drive to a new one which drives on the opposite side of the road.
Summary: London [UK], Jan 18 (ANI): The Marylebone Cricket Club (MCC) has confirmed that Australian cricketer David Warners' change of stance from left-hand to right-hand batting during Bangladesh Premier League (BPL) clash is within the cricketing laws.
'Chirality is observer-independent; no matter how one looks at a right-hand screw thread, it remains different from a left-hand screw thread.
Roseberry Topping is directly ahead as we pass an area of woodland (right) before left and right-hand bends take us past the buildings of Spite Hall Farm (left).
"I then broached the idea of right-hand racing to GBGB, but they told me it couldn't be done."
There are 165 thousand right-hand drive cars in Kyrgyzstan, according to the plenary session of the Parliament on December 25.
But the drawing only shows the left- and right-hand vehicle loading ramps.
I read a comment in the July issue and wanted to comment on the reason for the right-hand twist of rifling.