B. Riley Financial Declares Preferred Stock Dividends | New
LOS ANGELES, October 6, 2021 / PRNewswire / – B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends on its 6.875% Cumulative Perpetual Preferred Shares Series A (NASDAQ: RILYP) and its Cumulative Perpetual Preferred Shares Series B to 7.375% (NASDAQ: RILYL)) (collectively, the “Preferred Shares”), each series of which is represented by Custodian Shares. Each depositary share represents 1 / 1000th fractional interest in a share of the respective Preferential Share with a liquidation preference equivalent to $ 25.00 by depositary share.
The Preferred Share Series A cash dividend of 6.875% is equivalent to $ 0.42968750 by depositary share.
The 7.375% cash dividend of the Series B preferred shares is equal to $ 0.4609375 by depositary share.
Dividends on the Preferred Shares will be payable on or about November 1, 2021 to the respective holders of series A and B registered at the close of business on 21 October 2021.
About B. Riley Financial
B. Riley Financial offers collaborative solutions tailored to the fundraising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of end-to-end complementary capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial advisory, corporate restructuring. , operations management, risk and compliance, due diligence, forensics, accounting, litigation support, appraisal and valuation, auction and liquidation services. For more information, please visit www.brileyfin.com.
Jo anne mccusker
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SOURCE B. Riley Financial