B. Riley Financial Announces Full Redemption of February 2025 Senior Notes

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jan 21 2025

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Source: Newsfilter

Redemption of Senior Notes: B. Riley Financial announced the redemption of all 6.375% Senior Notes due February 28, 2025, with a full payment of principal and accrued interest, effective on the Redemption Date.
Suspension of Preferred Stock Dividends: The company has temporarily suspended cash dividends on its Series A and B Cumulative Perpetual Preferred Stock, with unpaid dividends accruing until paid in full.

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About RILYL

B. Riley Financial, Inc. operates a diversified financial services platform. Its Capital Markets segment provides investment banking and institutional brokerage services, fund and asset management services, and direct lending services. Its Wealth Management segment provides retail brokerage, investment management, and insurance and tax preparation services. Its Financial Consulting segment provides a variety of specialized advisory services spanning bankruptcy, restructuring, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. Its Auction and Liquidation provide retail liquidation services to help clients dispose of under-performing assets and generate cash from excess inventory. Its communications portfolio of companies consists of related businesses that it has acquired for attractive risk-adjusted investment return characteristics. Its Consumer Products segment is comprised of Targus, which is a multinational company.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

B. Riley Financial Announces Full Redemption of February 2025 Senior Notes

Jan 21 2025Newsfilter

Redemption of Senior Notes: B. Riley Financial announced the redemption of all 6.375% Senior Notes due February 28, 2025, with a full payment of principal and accrued interest, effective on the Redemption Date.
Suspension of Preferred Stock Dividends: The company has temporarily suspended cash dividends on its Series A and B Cumulative Perpetual Preferred Stock, with unpaid dividends accruing until paid in full.

B. Riley Financial Declares Preferred Stock Dividends

Oct 16 2024PRnewswire

Dividend Declaration: B. Riley Financial, Inc. has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock, amounting to $0.42968750 and $0.4609375 per depositary share, respectively, payable on or about October 31, 2024.
Company Overview: B. Riley Financial is a diversified financial services platform offering a range of solutions including investment banking, brokerage, wealth management, and corporate restructuring, aimed at meeting the strategic needs of clients throughout their business lifecycle.

B. Riley Financial Declares Preferred Stock Dividends

Jul 09 2024Newsfilter

B. Riley Financial Declares Preferred Stock Dividends

Apr 09 2024PRnewswire

B. Riley Financial Declares Preferred Stock Dividends

Jul 09 2024Newsfilter

Dividend Declaration: B. Riley Financial, Inc. declared cash dividends on its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock represented by depositary shares.
Amount of Dividends: The cash dividend for the 6.875% Series A Preferred Stock is $0.42968750 per depositary share, and for the 7.375% Series B Preferred Stock, it is $0.4609375 per depositary share.
Payment Date: The Preferred Stock dividends are set to be payable around July 31, 2024, to holders of record as of July 22, 2024.
About B. Riley Financial: B. Riley Financial is a diversified financial services platform offering tailored solutions to meet clients' strategic, operational, and capital needs.
Services Provided: B. Riley provides various financial services including investment banking, institutional brokerage, private wealth and investment management, corporate restructuring, risk and compliance, among others.

B. Riley Financial Declares Preferred Stock Dividends

Apr 09 2024newsfilter

B. Riley Financial Announces Full Redemption of February 2025 Senior Notes

Jan 21 2025Newsfilter

Redemption of Senior Notes: B. Riley Financial announced the redemption of all 6.375% Senior Notes due February 28, 2025, with a full payment of principal and accrued interest, effective on the Redemption Date.
Suspension of Preferred Stock Dividends: The company has temporarily suspended cash dividends on its Series A and B Cumulative Perpetual Preferred Stock, with unpaid dividends accruing until paid in full.

B. Riley Financial Declares Preferred Stock Dividends

Oct 16 2024PRnewswire

Dividend Declaration: B. Riley Financial, Inc. has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock, amounting to $0.42968750 and $0.4609375 per depositary share, respectively, payable on or about October 31, 2024.
Company Overview: B. Riley Financial is a diversified financial services platform offering a range of solutions including investment banking, brokerage, wealth management, and corporate restructuring, aimed at meeting the strategic needs of clients throughout their business lifecycle.

B. Riley Financial Declares Preferred Stock Dividends

Jul 09 2024Newsfilter

B. Riley Financial Declares Preferred Stock Dividends

Apr 09 2024PRnewswire

B. Riley Financial Declares Preferred Stock Dividends

Jul 09 2024Newsfilter

Dividend Declaration: B. Riley Financial, Inc. declared cash dividends on its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock represented by depositary shares.
Amount of Dividends: The cash dividend for the 6.875% Series A Preferred Stock is $0.42968750 per depositary share, and for the 7.375% Series B Preferred Stock, it is $0.4609375 per depositary share.
Payment Date: The Preferred Stock dividends are set to be payable around July 31, 2024, to holders of record as of July 22, 2024.
About B. Riley Financial: B. Riley Financial is a diversified financial services platform offering tailored solutions to meet clients' strategic, operational, and capital needs.
Services Provided: B. Riley provides various financial services including investment banking, institutional brokerage, private wealth and investment management, corporate restructuring, risk and compliance, among others.