B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends for its Preferred Stock. The 6.875% Series A Preferred Stock will have a cash dividend of $0.42968750 per depositary share, while the 7.375% Series B Preferred Stock will offer $0.4609375 per depositary share. These dividends are payable on or about April 29, 2022, to shareholders of record by April 19, 2022. Each depositary share represents a fractional interest in a share of the respective Preferred Stock with a liquidation preference of $25.00.

Positive

• Series A Preferred Stock dividend of $0.42968750 per depositary share.
• Series B Preferred Stock dividend of $0.4609375 per depositary share.
• Dividends demonstrate commitment to returning value to shareholders.

Negative

• None.

LOS ANGELES, April 7, 2022  /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 April 29, 2022 to respective Series A and Series B holders of record as of the close of business on April 19, 2022.

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.

Contacts

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

Media
Jo Anne McCusker / Scott Cianciulli
press@brileyfin.com
(212) 739-6753

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SOURCE B. Riley Financial

FAQ

What are the dividend amounts for RILY, RILYL, and RILYP?

B. Riley Financial declared a dividend of $0.42968750 for Series A Preferred Stock (RILYP) and $0.4609375 for Series B Preferred Stock (RILYL).

When will the dividends for RILY, RILYL, and RILYP be paid?

The dividends will be payable on or about April 29, 2022.

What is the record date for the dividends of RILY, RILYL, and RILYP?

The record date for the dividends is April 19, 2022.

What is the liquidation preference for the preferred stock of B. Riley Financial?

Each depositary share has a liquidation preference of $25.00.