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What is a rights issue?

A rights issue is an opportunity a company may offer to its existing shareholders, whereby they are able to buy additional new shares of company stock.

This provides shareholders with securities known as rights. They allow for the purchasing of new, discounted shares, on an agreed upon future date.

At XM, rights issues are treated like cash adjustments, where the value of the adjustment is based on the value of the rights issue. In such cases:

  • For long positions, you will be credited the calculated amount
  • For short positions, you will be debited the calculated amount

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