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What is ex-right

● A listed company distributes stock dividends to shareholders, that is, when the company’s surplus is converted to capital increase, or when shares are allocated, the stock price must be ex-rights (XR). 

● When a listed company distributes its surplus to shareholders in cash, the stock price will go ex-dividend (XD). 

● DR means that the day is the ex-dividend and ex-rights day of this stock, D is the abbreviation of DIVIDEND (interest), and R is the abbreviation of RIGHT (right). When a listed company announces a bonus or allotment, the stock is called a stock with rights before the bonus shares have not been allocated and the allotment has not been allocated.

The stock company that needs to go through the ex-rights formalities must first report to the competent authority for approval. After the ex-right is granted, the company can determine the equity registration base date and the ex-right base date. Any shareholder who owns the stock on the equity registration date has the right to receive or subscribe for equity and can participate in dividends or allotment.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.