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Anonymous
Rights issue for reits
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Discussion (2)
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Tan Choong Hwee
24 May 2021
Investor/Trader at Home
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thefrugalstudent
24 May 2021
Founder at thefrugalstudent.com
Hi Anon,
For Tiger Brokers, it should be found in their app under "Tiger Account", "Corporate Actions".
I've never subscribed to a rights issue so I don't know what are the steps to follow, but if you're eligible for it, you should be able to find out at the respective page in the app.
Hope this helps!
Regards,
thefrugalstudent
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I also never subscribed to rights issues with Tiger Brokers, so can't give advice on how to do it. However, I do foresee issues if subscribing to rights issues ended up with odd lots, because Tiger Brokers doesn't support odd lots trading.
24 May Update:
I checked with Tiger Brokers regarding rights issues, and here is their reply:
Subscribe to rights issues: Mobile App - Trade - More - Corporate Actions.
Tiger Brokers doesn't support odd lots trading, but can close odd lots holdings: Mobile App - Me - Tiger Account - Odd Lot Sell.