LOS ANGELES, Jan. 9, 2020 /PRNewswire/ -- B. Riley
Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today
announced its Board of Directors has approved 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
January 31, 2020 to holders of record
as of the close of business on January 21,
2020.
The depositary shares trade on NASDAQ under the symbol
"RILYP."
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley
Financial provides collaborative financial services tailored
to fit the capital raising and business advisory needs of public
and private companies and high-net-worth individuals. B. Riley
operates through several wholly-owned subsidiaries which offer
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.
Investors
Investor Relations
ir@brileyfin.com
(310) 966-1444
Media
Jo Anne
McCusker
jmccusker@brileyfin.com
(646) 885-5425
View original content to download
multimedia:http://www.prnewswire.com/news-releases/b-riley-financial-declares-dividend-on-series-a-preferred-stock-300984604.html
SOURCE B. Riley Financial