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B Riley Financial Inc | 7.375% Dep Shares Ser B Cumulative Perp Preferred Stock (RILYL)
Prospectus excerpt: B. Riley Financial, Inc. is offering 1,300,000 depositary shares, each representing a 1/1000th fractional interest in a share of 7.375% Series B Cumulative Perpetual Preferred Stock (the “Series B Preferred Stock”), which we refer to in this prospectus as the depositary shares. 1,300 shares of Series B Preferred Stock underlying the depositary shares will be deposited with Continental Stock Transfer & Trust Company, as depositary. As a holder of the depositary shares, you will be entitled to all proportional rights, preferences and privileges of the Series B Preferred Stock represented thereby, including dividend, voting, redemption and liquidation rights and preferences. The proportionate liquidation preference of each depositary share is $25.00. Full Prospectus PDF », Secondary Prospectus PDF », RILY Page »
Series: | B | Redeemable?: | Yes | Call Date: | 9/4/2025 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 1,300,000 | Overallotment: | 195,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $21.58 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-3.42 (-13.68%) | Annualized Dividend: | 1.84375 | Recent Ex-Date: | 4/19/2024 | Current Yield: | 8.54% | Original Coupon: | 7.375% | Pay Period: | Quarterly | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | CDx3 Compliance Rating: |
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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 Information Page »
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Name: |
B Riley Financial Inc |
Website: |
www.brileyfin.com |
Sector: |
Investment Brokerages |
Number of ETFs Holding RILY: |
35 (see which ones) |
Total Market Value Held by ETFs: |
$139,681,486.32 |
Total Market Capitalization: |
$901,000,000 |
% of Market Cap. Held by ETFs: |
15.50% |
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