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Question

I can't add funds to my ISA but want to take up my rights. How do I do this?

Answer

You have a few options.

Take up the rights in your own name outside the ISA. These can be delivered in certificated form for which you must pay the take up cost by cheque.

You can also take up your entitlement from your ISA but elect to receive the outcome ordinary shares in your MarketMaster. Your MarketMaster in this case will be debited the take up cost.

You can sell existing shares within the ISA to pay for the rights or sell some of the nil paid rights to take up the remainder of the rights in your ISA (this is known as tailswallowing)

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