If I read correctly the entitlement date is Close of play 01 Apr. Therefore I should sell at some point between now and 16:30 on Thursday? (I'm assuming once entitlements are achieved then the sales will start and the price will drop)
Basically Freetrade do not/will not/can not allow me to take up my rights issue.
My experience is that on RI the price drops (which is fine if you took up RI as you had a tranche of share at a reduced cost) As I can't take up my rights I will be, relatively, at a loss.
Therefore it is my thinking that I ought to sell before said drop. My question is when! ( I know that is the big question with all shares but wondered if there is a historical correlation as to when the drop occurs - e.g. ex date or issue date)
Elective Corporate Action Events Rob Jackson avatar Written by Rob Jackson Updated over a week ago As of 9th March 2021, Freetrade cannot support elective Corporate Action events, including Rights Issues, at this time.