LOS ANGELES ,
Jan. 9,
2024 /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, 2024 to respective Series
A and Series B holders of record as of the close of business on
January 22, 2024.
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 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
Mike Frank
ir@brileyfin.com
(212) 409-2424
Media
Jo Anne McCusker
press@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Financial