Ouch! That commission is steep. I know every time I buy AMAVF shares Vanguard gets me for $50 international settlement plus the $7 Vanguard equity trading fee but $100 is really excessive.
At least you had the option of selling your rights although I'm not sure how your broker decided that they would allow you to sell them but not exercise them without being a QIB. Seems like they half thought through the implications and did the easiest choice.
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