Peregrine Pharmaceuticals' Series E Preferred Stock Shares Cross 11.5% Yield Mark

In trading on Friday, shares of Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock (PPHMP) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.625), with shares changing hands as low as $22.32 on the day. As of last close, PPHMP was trading at a 5.44% discount to its liquidation preference amount..