Peregrine Pharmaceuticals Series E Convertible Preferred Stock Ex-Dividend Reminder

On 3/18/15, 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 4/1/15. As a percentage of PPHMP's recent share price of $23.50, this dividend works out to approximately 2.79%, so look for shares of PPHMP to trade 2.79% lower all else being equal when PPHMP shares open for trading on 3/18/15..