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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 ?
Obviously, right-wingers such as Nigel Farage and Jacob Rees-Mogg want a hard Brexit - option two.
In 1968, Fortune quite casually--and not without evidence--condemned Orange County as "nut country." The combination of rabid anti-communism, staunch social conservatism, and anti-Washington sentiment placed the county's right-wingers far outside the postwar consensus, both intellectual and popular.
Moderates were enraged by veteran right-winger Bill Walker becoming deputy chairman.
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Out from the Shadow Cabinet went Mr Redwood, a right-winger who stood against John Major for the party leadership.
Mr Cameron held out an olive branch to right-wingers at a bash to mark the 90th anniversary of the party's 1922 Committee of backbench MPs.
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TORY right-winger Sir Teddy Taylor has announced he will not be standing at the next General Election.
THEO WALCOTT will be given a chance to win his World Cup place as England's right-winger tonight.
Right-winger Nathan Bressington scored three tries (13 in nine matches on loan from Pertemps Bees), and captain Duncan Hughes got a brace and potted five conversions.
And now a right-winger who flaunts his connections with the party's leadership is floating what is euphemistically termed "co-payments" for the sick.
And his speech came on the day that Midland right-winger Mr Christopher Gill (Con Ludlow) compared European Union policies to those of the USSR as he spoke to the right-wing Bruges Group in London.