RE:Have the rights starting trading?....I don't see them yet. I have them on a Scotia watch list but I haven't seen them move, they are still showing the numbers from the last day of the last offering... last time they started moving a week before I received the rights.
I wish the window of rights movements was longer and given longer head-way. I hold MKP in a TFSA so maneuvering in that is already limited, coughing up a few thousand dollars on a couple weeks notice can be a struggle. I'm not yet maxed out on my TFSA, but I also don't have a couple thousand sitting around in other accounts. It's also funny that 3 of my quarterly and 4 monthly payers, payout within a week after the Rights closing so I miss out on that funding (about 35% of the cost) going towards the rights purchase.
Had I held this in a regular Margin account I would just use margin for the payment of rights and then laugh at when the shares go to my account the margin is extended at 70% of the value of the new shares which are higher than the cost (because MKP is eligible for max margin capabilities) and then the large dividend payout pretty much pays off the margin usage buy 30% of the purchase price a month later, so I would become whole again and a little ahead without really doing anything within the account. (I'm flirting with purchasing a position in my margin account after this offering for this reason exactly)
That said I'm glad I've held this in a TFSA as on share price my investment has gained 56% in share price and I've been paid out 71% on the costs of investment, that's a significant amount of gains without tax implications!