Tuesday, September 25, 2018 1:31:21 AM
What Happens to Treasury Stock?
When a business buys back its own shares, these shares become “treasury stock” and are decommissioned. In and of itself, treasury stock doesn’t have much value. These stocks do not have voting rights and do not pay any distributions. However, in certain situations, the organization may benefit from limiting outside ownership. Reacquiring stock also helps raise the share price, providing investors with an immediate reward.
A company can decide to hold onto treasury stocks indefinitely, reissue them to the public or even cancel them.
— Investopedia
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