In connection with a rights offering, shares of stock that are trading without the rights attached. The New York Times Financial Glossary

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   A term associated with a rights issue. It indicates when stocks are trading without rights.
   ► See also Rights Issue.

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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.

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