Right of rescission is not applicable to mortgages made to purchase a home, but may be applicable to other mortgages, such as home equity loans. Rights allow a shareholder to buy shares directly from the company. Usually, rights are issued at a discount to the prevailing market price, often a deep discount. A specified number of rights allow the holder to purchase a share, usually a common share, at a preset price. Generally, rights have a lifespan of a few weeks or a few months.
Most rights become listed securities and can be traded.
An investment trust that gets income from royalties. The most common form of income is from owning a stake in an oil or gas well. Royalty trusts have many features in common with REITs. CanWest Global Communications Corp. All rights reserved. Optimized for browser versions 4.0 and higher.