Q: I recently noticed that I had been given Rights by Constellation software which ended on Sept 28. I have done nothing about these Rights, so will there be any consequences, tax or otherwise that I did not exercise them. I am confused what these Rights meant and I had not looked at my account for a while, so I must have missed the information. Can you explain what I should have done and if there are any tax consequences of having done nothing. Thank you
5i Research Answer:
The rights allowed holders to buy CSU's series of inflation-linked debentures. Nothing NEEDED to be done, it was an option only for investors. With expired rights, there should be no tax consequences.