Investopedia explains 'Cum Rights'
After a company has announced that it will be issuing new shares and before such an offering is completed, the question arises: Does the purchaser of existing shares also have the right to take part in the new offering or does that right stay with the seller? Cum rights addresses this situation. What's more, as hinted at above, when a share is cum rights, it means that it includes the right to purchase new issues.
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