XOMA Royalty Declares Quarterly Preferred Stock Dividends

Rhea-AI Summary

XOMA Royalty (Nasdaq: XOMA) has announced quarterly cash dividends for its preferred stockholders. The company will distribute $0.53906 per share to holders of 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP) and $0.52344 per depositary share to holders of 8.375% Series B Cumulative Perpetual Preferred Stock (XOMAO). Both dividends will be paid on January 15, 2025, to shareholders of record as of January 3, 2025.

Positive

• Regular dividend payment demonstrates financial stability
• Maintaining consistent preferred dividend obligations

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• None.

EMERYVILLE, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- XOMA Royalty Corporation (Nasdaq: XOMA) today announced its Board of Directors has authorized the following cash dividends to holders of XOMA’s Series A and Series B Cumulative Preferred Stock:

Holders of the 8.625% Series A Cumulative Perpetual Preferred Stock (Nasdaq: XOMAP) shall receive a cash dividend equal to $0.53906 per share.

Holders of depositary shares, each representing 1/1000 of a share of XOMA’s 8.375% Series B Cumulative Perpetual Preferred Stock (Nasdaq: XOMAO), shall receive a cash dividend equal to $0.52344 per depositary share.

The preferred dividends will be paid on or about January 15, 2025, to respective holders of record at the close of business on January 3, 2025.

About XOMA Royalty Corporation
XOMA Royalty is a biotechnology royalty aggregator playing a distinctive role in helping biotech companies achieve their goal of improving human health.  XOMA Royalty acquires the potential future economics associated with pre-commercial therapeutic candidates that have been licensed to pharmaceutical or biotechnology companies.  When XOMA Royalty acquires the future economics, the seller receives non-dilutive, non-recourse funding they can use to advance their internal drug candidate(s) or for general corporate purposes.  The Company has an extensive and growing portfolio of assets (asset defined as the right to receive potential future economics associated with the advancement of an underlying therapeutic candidate).  For more information about XOMA Royalty and its portfolio, please visit www.xoma.com or follow the Company on LinkedIn.

As of the date of this press release, the commercial assets in XOMA Royalty’s milestone and royalty portfolio are VABYSMO® (faricimab-svoa), OJEMDA™ (tovorafenib), MIPLYFFA™ (arimoclomol), XACIATO™ (clindamycin phosphate) vaginal gel 2%, IXINITY® [coagulation factor IX (recombinant)], and DSUVIA® (sufentanil sublingual tablet).  All other assets in the milestone and royalty portfolio are investigational compounds.  Efficacy and safety have not been established.  There is no guarantee that any of the investigational compounds will become commercially available.

Investor contact:	Media contact:
Juliane Snowden	Kathy Vincent
XOMA Royalty Corporation	KV Consulting & Management
+1-646-438-9754	+1-310-403-8951
juliane.snowden@xoma.com	kathy@kathyvincent.com

FAQ

What is the dividend amount for XOMA's Series A Preferred Stock (XOMAP) in Q1 2025?

XOMA's Series A Preferred Stock (XOMAP) holders will receive a cash dividend of $0.53906 per share for Q1 2025.

What is the dividend amount for XOMA's Series B Preferred Stock (XOMAO) in Q1 2025?

XOMA's Series B Preferred Stock (XOMAO) holders will receive a cash dividend of $0.52344 per depositary share for Q1 2025.

When is the record date for XOMA's Q1 2025 preferred stock dividends?

The record date for XOMA's Q1 2025 preferred stock dividends is January 3, 2025.

When will XOMA pay its Q1 2025 preferred stock dividends?

XOMA will pay its Q1 2025 preferred stock dividends on or about January 15, 2025.