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re: ex entitlement ?? Jambers is right I'm fairly sure. Also I...

  1. 568 Posts.
    re: ex entitlement ?? Jambers is right I'm fairly sure. Also I checked the ASX site (they've got to be good for something)

    The share's have REXE against them on commsec. So that's RE = rights entitlement, and XE = ex entitlement.

    The ASX definition implies that you don't get the entitlement if you buy today, and to me that implies that you do get the entitlement if you sold today. I mean, the rights must attach to either the buyer or the seller, otherwise you have a bunch of shares being transacted today with no rights attached for anybody. So you should get the offer in the mail if you sold today.

    Here's the ASX defintion of EX:

    ex entitlement
    XE "first displays for a security from the morning of the Ex Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ITS does not carry the right to securities in the entitlement issue."
 
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