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Oversubscription privilege

• In a rights issue, arrangement by which shareholders are given the right to apply for any shares that are not taken up.

• Provides for distribution of shares for which rights were not exercised to interested shareholders on a pro rata basis at the stated subscription price.

 
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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Remember not only to say the right thing in the right place, but far more difficult still, to leave unsaid the wrong thing at the tempting moment. - Benjamin Franklin

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