Acacia Research Corporation Announces Adoption of Cash Dividend Policy of $0.50 per Share Annual Dividend, Payment of Initial

  Acacia Research Corporation Announces Adoption of Cash Dividend Policy of
  $0.50 per Share Annual Dividend, Payment of Initial Quarterly Dividend and
  Extension of $100 Million Share Repurchase Plan

Business Wire

NEWPORT BEACH, Calif. -- April 23, 2013

Acacia Research Corporation (Nasdaq: ACTG) announced today that its Board of
Directors has approved the adoption of a cash dividend policy that calls for
the payment of an expected total annual cash dividend of $0.50 per common
share, payable in the amount of $0.125 per share per quarter. Under the new
policy, the first of the quarterly cash dividends will be paid on May 30, 2013
to shareholders of record at close of business on May 3^rd, 2013. Future cash
dividends are expected to be paid on a quarterly basis and will be at the
discretion of the Board of Directors.

Acacia Research Corporation CEO, Paul Ryan, commented, “Our dividend policy
announced today is based on the successful growth in our business, our strong
balance sheet, and our confidence to continue to generate free-cash flow for
our shareholders.”

Acacia also announced that its Board of Directors has approved an extension of
its previously announced share repurchase plan from May 15, 2013 until August
15, 2013, which authorizes the Company to purchase up to $100 million of its
shares of common stock. Share purchases under this plan will continue to be
made in the open market, through block trades, through 10b5-1 plans, or
privately negotiated transactions, in accordance with applicable Securities
and Exchange Commission rules.


Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control over 250 patent portfolios,
covering technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is
available at and

SafeHarbor Statement under the Private Securities Litigation Reform Act of

This news release may contain forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Such statements, including those related to the Company’s intentions
regarding its declaration of cash dividends and repurchase of shares of common
stock are based upon our current expectations and speak only as of the date
hereof. The declaration of cash dividends and the repurchase of shares of the
Company’s common stock in the future, pursuant to the Company’s dividend
policy and the Company’s share repurchase plan, are subject to final
determination by the Board of Directors based on a number of factors,
including the Company's financial performance and its available cash
resources. For these reasons, as well as others, there can be no assurance
that dividends in the future will be equal or similar to the amount described
in this press release or that the Board of Directors will not decide to
suspend or discontinue the payment of cash dividends in the future. In
addition, there can be no assurance that the Board of directors will not
decide to suspend or discontinue the share repurchase plan. Our actual results
may differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and uncertainties,
including the recent economic slowdown affecting technology companies, our
ability to successfully develop products, rapid technological change in our
markets, changes in demand for our future products, legislative, regulatory
and competitive developments and general economic conditions. Our Annual
Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q,
recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss
some of the important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to revise or
update publicly any forward-looking statements for any reason.


Acacia Research Corporation
Rob Stewart
Investor Relations
Tel (949) 480-8300
Fax (949) 480-8301
Media Contact:
Lippert/Heilshorn & Associates
Adam Handelsman
Managing Director
(212) 201-6622
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