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B RILEY Financial Exhibit 99.1 B. Riley Financial Reports Third Quarter 2021 Results ; Declares $ 4.00 Dividend Net income of $ 48.6 million , $ 1.69 diluted EPS Total revenues increased to $ 381.5 million , total adjusted EBITDA of $ 114.1 million Operating revenues increased to $ 363.3 million , operating adjusted EBITDA of $ 101.1 million Strong earnings driven by investment banking , in addition to wealth management , principal investments , and brands Increases regular quarterly dividend to $ 1.00 from previous $ 0.50 , declares $ 3.00 special Total third quarter dividend of $ 4.00 per common share Board of Directors approve new annual share repurchase plan of up to $ 50 million LOS ANGELES , October 28 , 2021 – B. Riley Financial , Inc. ( NASDAQ : RILY ) , a diversified financial services company , today announced results for the three- and nine- month period ended September 30 , 2021 . Third Quarter 2021 Highlights • • Net income of $ 48.6 million , up 3 % year - over - year Total revenues of $ 381.5 million , up 69 % year - over - year Total adjusted EBITDA ( ¹ ) of $ 114.1 million , up 21 % year - over - year • Operating revenues ( 2 ) of $ 363.3 million , up 87 % year - over - year • Operating adjusted EBITDA ( 3 ) of $ 101.1 million , up 50 % year - over - year Bryant Riley , Chairman and Co - Chief Executive Officer of B. Riley Financial , said : “ We have never been more confident in the power of our combined platform and the opportunities we see ahead . In line with our stated commitment to return capital to our shareholders , we have increased our regular quarterly dividend to $ 1.00 and declared a special dividend of $ 3.00 for a total third quarter dividend of $ 4.00 per common share . Upon payment of our third quarter dividend , we will have returned a total of $ 9.00 per share , or approximately $ 247 million , in common stock dividends to shareholders for the first three quarters . The increase in our regular dividend reflects our increasing confidence in our recurring cash flows , as well as the continued growth in our episodic businesses . Our balance sheet continues to be very strong , and our capital base has continued to increase , reflecting the growing cash flows and strong fundamentals of our business . We acknowledge that our diversified business can be difficult to analyze and believe a recurring dividend is an important measure for our shareholders . Our goal is to continue to utilize our cash flows to enhance our business , make accretive acquisitions , and return capital to our shareholders . Over the last year , we have made meaningful progress in reducing our debt expense by redeeming two of our higher rate corporate bonds and issuing debt at a rate that is over 200 basis points lower . We will continue to seek opportunities to improve our capital structure in the coming quarters . " Tom Kelleher , Co - Chief Executive Officer of B. Riley Financial , added : " Over the last year , B. Riley Securities has established itself as a preferred investment banking partner for small- and mid - cap companies . Our investment banking division drove our strong quarterly performance , supported by contributions from our newly expanded wealth management division , cash flow generated by our principal investment companies , and growth in our brands . The momentum of our combined platform continues to benefit each of our distinct businesses . Our strengthened execution capabilities have enabled us to uncover additional new business opportunities while attracting talented professionals to our platform . During the quarter , we acquired 272 Capital in line with our stated intent to build out asset management and named a senior professional to lead the expansion of our fixed income division . We also added several quality financial advisors to our roster as we work to combine our legacy wealth management business with National Holdings . We are continuing to recruit across our business lines and believe our ability to attract talent of this caliber speaks to the value of our diversified platform . ” www.brileyfin.com | NASDAQ : RILY 1