An advantages of investing in warrants is that

the administration of the rights offering may slightly increase the

corporation's cost for a new stock issuance.

they sometimes have an expiration date.

rights provide current shareholders with the opportunity to retain their

proportionate ownership and control of a firm.

in$-$the$-$money warrants may be called by the company to force exercise

before the scheduled end of the term of the warrant.

they offer no current income but pay no dividends.