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.
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.
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