What type of rights does a shareholder hold depending on the class of shares?

Shareholders hold various rights that are primarily determined by the class of shares they own. The correct answer highlights that shareholders typically possess voting rights and other privileges, which can vary significantly among different classes of shares.

For example, common shares usually carry voting rights, allowing shareholders to participate in significant corporate decisions, such as electing directors or approving mergers. Additionally, shareholders might have privileges related to dividends, liquidation preferences, or the right to receive financial disclosures, depending on the terms attached to their class of shares.

Different classes of shares, like preferred shares, may come with specific rights and privileges that are unique to that class. While preferred shares generally do not carry voting rights, they might have preferential rights regarding dividend payments or asset distribution in the event of liquidation.

In contrast to the other options, which suggest limited rights or exclusivity, the reality is that shareholder rights are designed to reflect their investment in the company and to provide them with a voice in its governance, making the correct answer comprehensive in representing the nature of these rights.