I have a stock that issued Rights to the shareholders. The Rights entitled the shareholders to subscribe new shares at a discounted price. Let's say I received 100 Rights. I exercised 80 rights to subscribe new shares and sold the other 20 Rights.
Listed below are the dates from the prospectus.
May 26, 2008 -- Record date for the allocation of subscription rights (close of business) May 27, 2008 -- Existing shares begin trading ?ex-subscription right? -- Start of rights trading -- Start of subscription period June 9, 2008 -- End of rights trading period June 10, 2008 -- End of subscription period June 13, 2008 -- First trading day of new shares June 17, 2008 -- Payment and delivery of the new shares
I assume the acquisition date for the Rights would be same as that of the underlying stock?
What would be the sale date of the 20 Rights that I sold? And what is acquisition date of the New share that I received from the Rights subscription?
TIA