My foreign megacorp offers an ESPP through which I purchase American Depository Shares (ADS). (Less than 5% of portfolio)
My question(s) relates to any new share Rights Offerings the company may have in the future.
1. As an ADS holder, do I qualify for Rights Offering?
2. If so, how can I exercise those rights (Through ADS purchases? Through stock exchange that megacorp is listed on?)
3. Can these rights be administered by any broker (say Vanguard?) or only through the company that runs the ESPP program?
4. Do the ADS have to be qualified before I can exercise a Rights Offering?
Thanks in advance for your help!
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