B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) has announced cash dividend declarations for its preferred stock series. The company will pay $0.42968750 per depositary share for its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ: RILYP) and $0.4609375 per depositary share for its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ: RILYL). Each depositary share represents a 1/1000th fractional interest with a $25.00 liquidation preference. The dividends will be paid on July 31, 2023 to stockholders of record as of July 21, 2023.

Positive

• Consistent dividend payments showing financial stability
• Maintaining preferred stock dividend obligations

Negative

• None.

LOS ANGELES, July 11, 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 July 31, 2023 to respective Series A and Series B holders of record as of the close of business on July 21, 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's Series A Preferred Stock (RILYP)?

B. Riley's 6.875% Series A Preferred Stock (RILYP) dividend is $0.42968750 per depositary share.

What is the dividend amount for B. Riley's Series B Preferred Stock (RILYL)?

B. Riley's 7.375% Series B Preferred Stock (RILYL) dividend is $0.4609375 per depositary share.

When is the payment date for B. Riley Financial's preferred stock dividends?

The preferred stock dividends will be paid on or about July 31, 2023.

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

The record date for both Series A and Series B preferred stock dividends is July 21, 2023.