In connection with a rights offering, shares of stock that are trading without the rights attached. The New York Times Financial Glossary
* * *
A term associated with a rights issue. It indicates when stocks are trading without rights.
► See also Rights Issue.
* * *
ex-rights UK US adjective (ABBREVIATION xr)
► STOCK MARKET used to describe shares that are sold without the buyer having the right to buy new shares which may be offered at a lower price: »
The shares fell 50p to £1.38, roughly in line with what will be the ex-rights price.
ex-rights adverb
► »
United's shares go ex-rights on August 27.
Financial and business terms. 2012.