B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial has declared cash dividends on its Preferred Stock series, specifically the 6.875% Series A and 7.375% Series B. Shareholders will receive $0.42968750 per depositary share for Series A and $0.4609375 for Series B. These dividends are payable on November 1, 2021, to holders of record as of October 21, 2021. The Preferred Stocks have a liquidation preference of $25.00 per depositary share, allowing for a consistent income stream for investors.

Positive

• Consistent dividend distribution providing income for shareholders: $0.42968750 for Series A and $0.4609375 for Series B.
• Dividends payable shortly, enhancing investor confidence.

Negative

• None.

LOS ANGELES, Oct. 6, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ: RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ: RILYL) (collectively, the "Preferred Stock"), each series of which is represented by depositary shares. Each depositary share represents 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference equivalent to $25.00 per depositary share.

The 6.875% Series A Preferred Stock cash dividend equals $0.42968750 per depositary share.

The 7.375% Series B Preferred Stock cash dividend equals $0.4609375 per depositary share.

The Preferred Stock dividends will be payable on or about November 1, 2021 to respective Series A and Series B holders of record as of the close of business on October 21, 2021.

About B. Riley Financial
B. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. For more information, please visit www.brileyfin.com.

Contacts

Investors
Mike Frank
ir@brileyfin.com
(212) 409-2424

Media
Jo Anne McCusker
press@brileyfin.com
(646) 885-5425

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SOURCE B. Riley Financial

FAQ

What are the dividend amounts for B. Riley Financial's Preferred Stock?

The 6.875% Series A Preferred Stock pays $0.42968750 per depositary share, while the 7.375% Series B pays $0.4609375 per depositary share.

When is the dividend payment date for B. Riley Financial's Preferred Stock?

The dividends will be payable on or about November 1, 2021.

What is the record date for receiving the dividends from B. Riley Financial?

The record date for the dividends is October 21, 2021.

What is the liquidation preference for B. Riley Financial's Preferred Stock?

Each depositary share has a liquidation preference of $25.00.

What is the significance of B. Riley Financial's Preferred Stock dividends?

The dividends provide a reliable income for investors and reflect the company's ongoing financial health.