Ex-Rights

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Dictionary Says

Definition of 'Ex-Rights'

Shares of stock that are trading but no longer have rights attached because they have either expired, been transferred to another investor or been exercised. The rights originally assigned to the stockholder are, for whatever reason, no longer valid or no longer applicable to the stock.
Investopedia Says

Investopedia explains 'Ex-Rights'

Ex-rights shares are worth less than shares which are not yet ex-rights - the ex-rights shares do not give a shareholder access to a rights offering. Renounceable rights may trade separately, allowing shareholders to choose to sell their rights rather than exercise them.

Related Definitions

  • Ex-Date

    The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend.
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  • Ex-Dividend

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  • Ex-Warrant

    The trading of shares when a warrant has been declared but not distributed.
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    • Rights Offering (Issue)

      Issuing rights to a company's existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period.
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    • Holder Of Record

      The name of the person who is the registered owner of a security and who has the rights, benefits and responsibilities of ownership. The holder of record for a stock typically has ...
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    • Record Date

      The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution.
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    • Renounceable Right

      An offer issued by a corporation to shareholders to purchase more shares of the corporation's stock (usually at a discount). Renounceable rights have a value and can be traded.
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    • Non-Renounceable Rights

      An offer issued by a corporation to shareholders to purchase more shares of the corporation (usually at a discount). Unlike a renounceable right, a non-renounceable right is not ...
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    • Rights

      A security giving stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the ...
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    • Theoretical Ex-Rights Price

      The market price that a stock will theoretically have following a new rights issue. Although the stock price is not likely to change immediately following the new rights issue, it will ...
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