B. RILEY FINANCIAL, INC. - RILY STOCK NEWS

B. Riley Advisory Services, a subsidiary of B. Riley Financial (NASDAQ: RILY), has opened a new office in Mexico, led by seasoned executive Gaston Mauvezin. This expansion aims to enhance advisory services for U.S. companies operating in Mexico, focusing on areas such as restructuring, M&A, and corporate finance. The move is fueled by the growing demand for advisory services in Mexico, one of the U.S.'s largest trading partners. The partnership with BTG Global Advisory and TCP Partners underlines the firm's commitment to providing comprehensive solutions across multiple industries.

B. Riley Financial, Inc. (NASDAQ:RILY) reported strong Q3 2020 results, achieving consolidated revenues of $226.3 million, net income of $47.3 million or $1.75 per diluted share, and adjusted EBITDA of $94.1 million. This marked significant improvements from Q3 2019, with net income increasing from $34.3 million and adjusted EBITDA rising from $70.3 million. The company's capital markets segment drove growth, supported by an increase in advisory fees and retail liquidations. A regular dividend of $0.375 per share was announced, reflecting confidence in future performance.

B. Riley Financial, Inc. (NASDAQ:RILY) announced a conference call scheduled for October 29, 2020, at 4:30 p.m. ET to discuss its third-quarter earnings for the period ended September 30, 2020. The financial results will be disclosed in a press release before the call. The event will feature insights from key executives including Bryant Riley, Tom Kelleher, and Phillip Ahn. Interested parties can listen live or access the archived recording on the Company's investor relations website.

B. Riley Financial, Inc. (NASDAQ: RILY) announced a quarterly cash dividend of $0.42968750 for its 6.875% Series A Preferred Stock and an initial dividend of $0.29193 for its 7.375% Series B Preferred Stock. Both dividends will be payable on October 31, 2020, to record holders as of October 21, 2020. The Series A shares trade under the symbol RILYP and Series B shares under RILYL. These actions reflect the company’s commitment to returning value to shareholders.

B. Riley Financial (NASDAQ: RILY) announced a strategic investment in IQvestment Holdings, enhancing its fintech capabilities and expanding its business-to-business eCommerce platform. Chuck Hastings, CEO of B. Riley Wealth Management, and Jon Merriman, Chief Business Officer, will join IQvestment’s board and advisory board, respectively. The partnership aims to leverage B. Riley's experience and technology to improve wealth management services for retail clients. This investment positions B. Riley as a key player in the evolving digital investment landscape.

B. Riley Financial (NASDAQ: RILY) announced the launch of a new subsidiary, B. Riley Venture Capital, to invest in late-stage growth companies. Todd D. Sims, previously on the company's board, will lead this initiative. The venture capital arm aims to leverage B. Riley's strong balance sheet and syndication platform to identify and invest in promising firms poised for public markets. The company emphasizes enhancing shareholder value through strategic investments.

B. Riley Wealth Management has appointed Edward J. Grimpe as the new Regional Manager for the Southeast Region, focusing on expanding in South Florida and surrounding areas. Grimpe brings over 25 years of experience, having previously held key positions at Merrill Lynch and BB&T Scott & Stringfellow. His expertise in managing and recruiting will support B. Riley's growth strategy. Grimpe emphasizes B. Riley's collaborative culture and sophisticated services as pivotal for financial advisors seeking to better serve their clients.

B. Riley Financial (NASDAQ: RILY) announced a rebranding of its subsidiary companies to enhance consistency and client engagement. This reflects growth since its establishment in 1997 and follows a series of acquisitions since 2015, including FBR & Co. and GlassRatner. The rebranding aims to amplify the visibility of B. Riley’s diverse services, which range from financial consulting to investment banking. Co-CEOs Bryant Riley and Tom Kelleher emphasized that this initiative will improve service levels and operational efficiency for stakeholders.

B. Riley Financial, Inc. (NASDAQ:RILY) announced the commencement of store closing sales at 17 additional Sur La Table locations across the U.S. as part of a restructuring strategy initiated on August 28. This decision follows the identification of 56 stores slated for closure during the company's bankruptcy proceedings. Customers can expect discounts of up to 30% on merchandise. The liquidation sales are anticipated to last approximately five weeks or until stock is depleted, with final purchases being non-returnable. Sur La Table continues operations at over 55 locations under new ownership.