On January 27, 2015, PDL BioPharma board of directors declared that the regular, quarterly dividends to be paid to its stockholders in 2015 will be $0.15 per share of common stock. The $0.15 dividends will be paid on March 12, 2015, June 12, 2015, September 11, 2015 and December 11, 2015 to all stockholders owning shares of the Company on March 5, 2015, June 5, 2015, September 4, 2015 and December 4, 2015, the record dates for each of the dividend payments, respectively.