The difference between a jumbo placement and a AERO is that,under the AERO the rights are renounceable and therefore shareholders receive the value of their rights even if they choose not to take them up.

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The statement is correct; under a jumbo placement, the rights are usually non-renounceable, meaning shareholders cannot sell or transfer their rights. However, under an AERO (Accelerated Entitlement Offer), the rights are renounceable, allowing shareholders to sell or transfer them and receive the value of their rights even if they choose not to take them up.

The Difference Between a Jumbo Placement and a AERO Is