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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, March 28, 4:11 PM
Slide #110. B. Riley Financial, Inc. — Preferred Stock Offering
Company: |
B. Riley Financial, Inc. (NASDAQ:RILY) |
Date announced: |
9/1/2020 |
Preferred Stock Offering Details: |
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an underwritten registered public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company's Series B Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering solely to cover overallotments. |
B. Riley Financial is a financial services platform and invests in companies or assets with risk-adjusted return profiles to benefit its shareholders. Through its affiliated subsidiaries, Co. provides a range of investment banking, corporate finance research, sales, and trading, as well as advisory, valuation, and wealth management, services. Co.'s operating segments include: Capital Markets, which provides a range of investment banking, corporate finance, financial advisory, research, securities lending and sales and trading services to corporate, institutional, and individual clients; and Wealth Management, which provides wealth management and tax services to corporate and clients. Preferreds: RILYP, RILYL
Open the RILY Page at Preferred Stock Channel »
Name: |
B Riley Financial Inc |
Website: |
www.brileyfin.com |
Sector: |
Investment Brokerages |
Number of ETFs Holding RILY: |
36 (see which ones) |
Total Market Value Held by ETFs: |
$80,694,671.25 |
Total Market Capitalization: |
$543,000,000 |
% of Market Cap. Held by ETFs: |
14.86% |
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Open the RILY Page at Preferred Stock Channel (in a new window) »
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