From the day of announced rights until the closing for a list of eligible holders, the old stock sells "rights on." After the books are closed, the old stock sells "rights off" or "ex-rights."
A share is described as ex-rights when a purchaser is not entitled to receive the current rights; these remain with the seller.
Securities that previously were traded with specific rights, but the rights have been removed. The securities are without the rights.
This means "without rights." Buyers of shares quoted ex-rights are not entitled to forthcoming rights.
Ex-Rights basically means "without the rights". While a share is termed Ex-Rights buyers are not entitled to any Rights Issues. The letters "XR" refer to Ex-Rights shares in the stock tables.
Refers to a transaction which the new purchaser of a stock is not entitled to participate in the recently declared rights offering. The mechanics are similar to ex-dividend conditions. Here, the exclusion point in time is known as the ex-rights date.
Brokerage lingo meaning "without rights." During a rights offering, if the common stock is purchased on or after the ex-rights date (four business days prior to the record date), the investor does not receive rights that enable an investor to buy the company's common stock at a discount from the prevailing market price. As a rule, after the ex-rights date, the rights will trade separately from the common stock. See: Ex-All; Record Date; Right
In connection with a rights offering, shares of stock that are trading without the rights attached.
Without rights: During a rights offering, when the purchaser of stock does not receive rights. If stock is purchased on or after the ex-rights date (four business days prior to the record date), the purchaser does not receive rights.
Without the rights. Corporations raising additional money may do so by offering their stockholders the right to subscribe to new or additional stock, usually at a discount from the prevailing market price. The buyer of a stock selling ex-rights is not entitled to the rights. (See: Ex-Dividend, Rights)
The share is described as ex-rights when a purchaser is not entitled to receive the current rights, the right of which remains with the seller.
A term applied to stocks trading in the marketplace for which the value of the subscription privilege has already been deducted and which, therefore, no longer bears such a right; it is literally trading "rights off".