Cum Rights

With rights. The owner of shares purchased cum rightsis entitled to forthcoming, already-declared rights. The opposite of this is ex rights.

Cum Dividend

With dividend. The owner of shares purchased cum dividend is entitled to an upcoming already-declareddividend. The opposite of this is ex dividend.

Cross

A trade that occurs when two accounts within the same Participating Organization/Member wish to buy and sell the same security at an agreed price and volume. With some approved exceptions, crosses can only occur within the current bid and ask for the stock

Convertible Security

A security of an issuer (for example - bonds, debentures, or preferred shares) that may be converted into other securities of that issuer, in accordance with the terms of the conversion feature. The conversion usually occurs at the option of the holder of the securities, but it may occur at the option of the issuer.

Consolidated Short Position Report

A consolidated report that includes the total shares short (as of the trade date) and the net change from the previous report, for bothTSX and TSX Venture Exchange listed issues. Under UMIR rule 10.10, all TSX and TSX Venture Exchange Participating Organizations and Members must report the firm's short position on a semi-monthly basis to TSX Datalinx. Non-clearing firms may report through the firm that is responsible for their clearing.

Common Shares or CommonStock

Securities that represent partownership in a company and generally carry voting privileges. Common shareholders may be paid dividends, but only after preferred shareholders are paid. Common shareholdersare last in line after creditors, debt holders and preferred shareholders to claim any of a company's assets in the event of liquidation.

Closed-End Investment Fund

An investment trust that issues a fixed number of securities that trade on a stock exchange or in the over-the-counter market. Assets of a closed-end fundare professionally managed in accordance with the fund's investment objective and policies and may be invested in a wide range of financial instruments/assets. Like other publicly traded securities, the market price of closed-end fund securities fluctuates and is determined by supply and demand in the marketplace.

Debt Volume

The number of debt instruments traded on one side of the transaction for a specified period multiplied by the face value of the debt instrument

Defensive Stock

A stock purchased from a company that has maintained a record of stable earnings and continuous dividend payments through periods of economic downturn.

Delayed Delivery Order

A special term order in which there is a clear understanding between thebuying and selling parties that the delivery of the securities will be delayed beyond the usual three-daysettlement period to the date specified in the order.A special term order in which there is a clear understanding between thebuying and selling parties that the delivery of the securities will be delayed beyond the usual three-daysettlement period to the date specified in the order.