Peregrine Pharmaceuticals Series E Convertible Preferred Stock Ex-Dividend Reminder

On 6/17/15, Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock ( PPHMP) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 7/1/15. As a percentage of PPHMP's recent share price of $24.09, this dividend works out to approximately 2.72%, so look for shares of PPHMP to trade 2.72% lower — all else being equal — when PPHMP shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 10.91%.

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As of last close, PPHMP was trading at a 3.76% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of PPHMP shares, versus PPHM:

Performance Comparison Chart

Below is a dividend history chart for PPHMP, showing historical dividends prior to the most recent $0.6562 on Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock:

PPHMP+Dividend+History+Chart

In Monday trading, Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock ( PPHMP) is currently up about 0.1% on the day, while the common shares ( PPHM) are down about 1.1%.

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