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
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Media
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Mike Frank
|
Jo Anne
McCusker
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ir@brileyfin.com
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press@brileyfin.com
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(212)
409-2424
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(646)
885-5425
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SOURCE B. Riley Financial