B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial has declared cash dividends for its preferred stock series. The 6.875% Series A Cumulative Perpetual Preferred Stock (RILYP) will pay $0.42968750 per depositary share, while the 7.375% Series B Cumulative Perpetual Preferred Stock (RILYL) will pay $0.4609375 per depositary share. Both dividends are payable on January 31, 2022, to holders of record as of January 21, 2022. This reflects the company's ongoing commitment to providing returns to its investors.

Positive

• Cash dividends declared for both Series A and Series B preferred stock.

Negative

• None.

LOS ANGELES, Jan. 10, 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 January 31, 2022 to respective Series A and Series B holders of record as of the close of business on January 21, 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 cash dividend amounts for B. Riley Financial's preferred stocks?

The cash dividend for the 6.875% Series A Preferred Stock (RILYP) is $0.42968750 per depositary share, and for the 7.375% Series B Preferred Stock (RILYL), it's $0.4609375 per depositary share.

When will the dividends for B. Riley Financial's preferred stocks be paid?

The dividends will be payable on or about January 31, 2022.

What is the record date for the preferred stock dividends of B. Riley Financial?

The record date is January 21, 2022.

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

The liquidation preference is equivalent to $25.00 per depositary share.