cxo, page-31

Hi Munro122 I am new to this game of investing and would like to know if the item below is correct when it says:-

A non-renounceable rights issue refers to 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 transferable, andtherefore cannot be bought or sold.

Is that mean that when one comes to selling the shares I can only obtain dividend from this type of shares or will it be classed as normal sale and cgt when the time comes to sell. The article you wrote was exceptional.