The sale of a security without the privileges associated with the security such as dividends, voting rights, or warrants. Bloomberg Financial Dictionary
* * *
Means a buyer of shares does not receive any of the supplementary benefits attached to a share at the time.
* * *
ex-all UK US adverb (ABBREVIATION xa) FINANCE, STOCK MARKET
► if a stock is sold ex-all, the seller keeps all rights and advantages relating to that stock. For example, all dividend payments, bonus shares, etc. will be given to the seller instead of to the buyer: »
Share prices are quoted ex-all.
Financial and business terms. 2012.