B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial has announced cash dividends for its Preferred Stock, effective August 2, 2021. The 6.875% Series A Preferred Stock will pay a dividend of $0.42968750 per depositary share, while the 7.375% Series B will distribute $0.4609375 per depositary share. Both dividends are payable to holders on record as of July 21, 2021. Each depositary share corresponds to a fractional interest in a share with a liquidation preference of $25.00.

Positive

• Consistent dividend payments for both Series A and Series B Preferred Stock.
• Series A dividend of $0.42968750 and Series B dividend of $0.4609375 enhance income for shareholders.

Negative

• None.

LOS ANGELES, July 8, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") 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 August 2, 2021 to respective Series A and Series B holders of record as of the close of business on July 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	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 are the dividend amounts for B. Riley Financial's Preferred Stock?

The 6.875% Series A Preferred Stock will pay $0.42968750 per depositary share, and the 7.375% Series B will pay $0.4609375 per depositary share.

When will the dividends for B. Riley Financial's Preferred Stock be paid?

The dividends will be payable on or about August 2, 2021.

What is the record date for the Preferred Stock dividends?

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

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

Each depositary share has a liquidation preference of $25.00.