B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock. The Series A dividend is set at $0.42968750 per depositary share and the Series B at $0.4609375, payable on January 31, 2023. Holders of record as of January 20, 2023 will receive these dividends, which reflect the company's commitment to rewarding shareholders while fortifying its financial position.

Positive

• Dividends of $0.42968750 for Series A and $0.4609375 for Series B enhance shareholder value.
• Continued commitment to dividend payments demonstrates company stability and confidence.

Negative

• None.

LOS ANGELES, Jan. 9, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") 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 January 31, 2023 to respective Series A and Series B holders of record as of the close of business on January 20, 2023.

About B. Riley Financial

B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end, collaborative financial services across investment banking, 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. B. Riley opportunistically invests to benefit its shareholders, and certain registered affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

Contact
Investors	Media
Mike Frank	Jo Anne McCusker
ir@brileyfin.com	press@brileyfin.com
(212) 409-2424	(646) 885-5425

 

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SOURCE B. Riley Financial

FAQ

What is the dividend amount for B. Riley Financial's Series A Preferred Stock?

The dividend for the Series A Preferred Stock is $0.42968750 per depositary share.

When will the Series B Preferred Stock dividend be paid?

The Series B Preferred Stock dividend will be payable on January 31, 2023.

What is the record date for B. Riley's preferred stock dividends?

The record date for the dividends is January 20, 2023.

How often does B. Riley Financial pay dividends on its preferred stock?

B. Riley Financial pays dividends on its preferred stock as declared, typically quarterly.

What are the tickers for B. Riley Financial's preferred stocks?

The tickers for B. Riley Financial's preferred stocks are RILYP for Series A and RILYL for Series B.