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To: Scott Ozer who wrote (6830)5/18/1998 11:32:00 AM
From: David Pawlak  Read Replies (1) | Respond to of 10479
 
Safeguard (SFE) Rights Offering of Docucorp (DOCC) which allowed SFE investors to buy DOCC at $5. The stock subsequently IPO'd at around $9 in Feb 98. That's the discount (benefit) that common stockholders receive as their dividend.

This is just a recent example. More examples can be found by researching Scott Bailey's above links.