LOS ANGELES, July 8, 2020 /PRNewswire/ -- B. Riley
Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today
announced that its Board of Directors has declared a quarterly cash
dividend for the Company's 6.875% Series A Cumulative Perpetual
Preferred Stock ("Series A Preferred Stock").
The cash dividend equals $0.42968750 per depositary share, each
representing 1/1000th of a share of the Company's Series A
Preferred Stock, with a liquidation preference equivalent to
$25.00 per depositary share. The
Series A Preferred Stock dividend will be payable on or about
July 31, 2020 to holders of record as
of the close of business on July 21,
2020.
The depositary shares trade on NASDAQ under the symbol
"RILYP."
For more information, visit ir.brileyfin.com.
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley
Financial provides collaborative financial services solutions
tailored to fit the capital raising, business, operational and
financial advisory needs of its clients and partners. B. Riley
operates through several wholly owned subsidiaries which offer a
diverse range of complementary end-to-end capabilities spanning
investment banking and institutional brokerage, private wealth and
investment management, corporate advisory, restructuring, due
diligence, forensic accounting and litigation support, appraisal
and valuation, and auction and liquidation services. Certain
registered affiliates of B. Riley originate and underwrite senior
secured loans for asset-rich companies. The Company also makes
proprietary investments in companies and assets with attractive
return profiles. For more information about B. Riley and its
affiliated companies, visit www.brileyfin.com.
Contacts
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Investors
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Media
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B. Riley
Financial
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Jo Anne
McCusker
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ir@brileyfin.com
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press@brileyfin.com
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(310)
966-1444
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(646)
885-5425
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SOURCE B. Riley Financial