FBR & Co. (FBRC) Declares $7.61 Special Dividend in Connection with B. Riley Merger; 45.8% Yield

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Go back to FBR & Co. (FBRC) Declares $7.61 Special Dividend in Connection with B. Riley Merger; 45.8% Yield

FBR & Co. Declares Special Cash Dividend in Connection with Merger with B. Riley Financial, Inc.

May 19, 2017 4:15 PM EDT

ARLINGTON, Va., May 19, 2017 (GLOBE NEWSWIRE) -- FBR & Co. (NASDAQ: FBRC) (FBR or the Company), a leading investment bank serving the middle market, announced today that its Board of Directors has declared a special cash dividend of $7.61 per common share. The special dividend is being declared in connection with the previously announced combination with B. Riley Financial, Inc. (the Merger) and is contingent upon the satisfaction or waiver of the closing conditions to the Merger. The special cash dividend will be paid on or about June 1, 2017 to all FBR shareholders of record as of the close... More