Maintained Cost-Efficient Operating Profile New Machine-Automated Pricing System Enhances Portfolio Growth Capabilities in Support of Multibillion Dollar Liquidity and Primary Capital Product Launch DALLAS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) ("Ben" or the "Company"), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today reported its financial results for the fiscal 2025 first qu ...

DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) ("Ben" or the "Company"), a technology-enabled financial services holding company, is excited to announce the latest advancements to its fintech platform, AltAccess®. The new release of AltAccess introduces the MachineAutomated Pricing System ("MAPS"), which incorporates Ben's formula-based pricing model for qualified fiduciary financings and is engineered to optimize dynamic pricing and real-time net asset valuations of alternative assets ...

DALLAS, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) ("Ben" or the "Company"), a technology-enabled financial services holding company that provides liquidity, primary capital solutions and related trust and custody services to holders of alternative assets, announced that it will present at the Sidoti Micro-Cap Virtual Conference, which will take place virtually on August 14-15, 2024. The Company will present at 2:30 p.m. EDT on Thursday, August 15, 2024. Investors can register for the conf ...

. . . Beneficient Joins B2i Digital Family of Featured Companies August 06, 2024 2:57 PM EDT | Source: Reportable, Inc. New York, New York--(Newsfile Corp. - August 6, 2024) - Beneficient (NASDAQ: BENF), a technologyenabled platform providing exit option solutions, primary capital solutions, and related trust and custody services to holders of alternative assets, today announced it has joined the B2i Digital family of featured companies. B2i Digital will leverage its targeted marketing expertise to increase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-41715 Beneficient (Exact name of registrant as specified in its charter) | | | |---------------------------------|-------------------- ...

Financial Data and Key Metrics Changes - In Q4 2024, Beneficient reported $10.6 million in base interest revenue, a decrease of 5.6% from the previous quarter, attributed to a lower carrying value of loans receivable due to higher allowances for credit losses [18] - For the full year, total revenue was $46.9 million, down 7.6% compared to the prior year, also due to lower carrying value of loans receivable [18] - The operating loss for Q4 was $29.4 million, significantly improved from an operating loss of $606.4 million in the prior quarter, which included a large non-cash goodwill impairment charge [18] - The full-year operating loss was $1.8 billion, compared to a loss of $46.5 million in the previous year, primarily driven by a non-cash goodwill impairment of $1.7 billion [19] Business Line Data and Key Metrics Changes - Ben Liquidity generated $10.6 million in interest revenue for Q4, while Ben Custody revenues were $5.6 million for the same period, down from $5.9 million in the previous quarter [18][20] - For the full year, Ben Custody revenues were $24.5 million, a decrease of 15.5% compared to the prior year, due to lower NAV of alternative assets [20] Market Data and Key Metrics Changes - The NAV of alternative assets held was $381.2 million as of March 31, 2024, down from $491.9 million a year earlier, primarily due to unrealized losses [19] - The unmet demand for liquidity in the targeted market is estimated to exceed $61 billion annually, potentially growing to over $100 billion in the next five years [8] Company Strategy and Development Direction - The company aims to grow through liquidity and primary capital fiduciary solutions, leveraging its Fintech platform to complete transactions in as little as 15 days [5][6] - The launch of the ExchangeTrust product plan aims to complete up to $5 billion of fiduciary financings, enhancing market adoption of fiduciary products [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about scaling the business and introducing innovative products to disrupt the alternative investment industry [15] - The company is focused on addressing the $167 billion demand for liquidity from mid-high net worth investors and small-to-medium sized institutions [10] Other Important Information - A federal judge ruled against a motion to dismiss Beneficient's defamation lawsuit against a Wall Street Journal reporter, indicating the article contained inaccuracies [16] - The SEC has terminated its investigation into the company, indicating no enforcement action will be recommended [16] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Core Insights - Beneficient reported its financial results for the fiscal year 2024, highlighting a focus on expanding its product offerings and improving its financial position [1][2][3] Financial Performance - The company reported investments with a fair value of $329.1 million as of March 31, 2024, down from $491.9 million at the end of the previous fiscal year, which served as collateral for a net loan portfolio of $256.2 million [5][20] - Operating expenses for the fourth quarter of 2024 were $151.9 million, which included a non-cash goodwill impairment of $68.1 million and a recognized loss contingency of $55.0 million [5][16] - The adjusted operating loss for the fiscal year 2024 was $41.2 million, compared to an adjusted operating income of $9.7 million in the prior year [17] Business Segments - The Ben Liquidity segment recognized $10.6 million of interest income for the fourth quarter, down 5.6% from the previous quarter, primarily due to lower carrying value of loan receivables [13][16] - Ben Custody revenues were $5.6 million for the fourth fiscal quarter, compared to $5.9 million for the previous quarter, reflecting a decrease due to lower net asset value of alternative assets held in custody [15][18] Product and Service Expansion - The company plans to significantly expand its Preferred Liquidity Provider Program, which now includes 20 participating funds with approximately $1.5 billion in committed capital [3][4] - Increased interest has been noted for the newly launched Primary Commitment Program, which assists General Partners with fundraising objectives [4][7] Legal and Regulatory Updates - On July 1, 2024, the SEC concluded its investigation related to the company and key leadership members, advising that no enforcement action would be recommended [19] - A federal judge ruled against a motion to dismiss Beneficient's defamation lawsuit against the Wall Street Journal, indicating the article contained factual errors [19] Capital and Liquidity - As of March 31, 2024, the company had cash and cash equivalents of $7.9 million and total debt of $120.5 million [20] - Distributions received from alternative assets totaled $46.3 million for the year ended March 31, 2024, down from $85.0 million in the prior year [20]

Group 1 - The Company requires additional time to update its Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and to complete related procedures before filing [1] - The earnings webcast and earnings release for the fourth quarter and Fiscal 2024, previously scheduled for July 2, 2024, have been postponed, with a new date to be announced [1] Group 2 - The SEC has issued termination letters to the Company and its CEO, indicating that the SEC has concluded its investigation and does not intend to recommend enforcement action under previously issued Wells Notices [5] - Beneficient aims to democratize the global alternative asset investment market by providing liquidity and early exit solutions to traditionally underserved investors [6] - The Company's AltQuote™ tool offers customers various potential exit options quickly, while the AltAccess® portal allows for the digitization of alternative assets and secure engagement with custodial services [6]

For more information, visit www.trustben.com or follow us on LinkedIn. DALLAS, July 02, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) ("Ben" or the "Company"), a technology-enabled financial services holding company that provides liquidity, primary capital and related trust and custody services to holders of alternative asset, announced today the Securities and Exchange Commission (the "SEC") has issued termination letters to the Company and its founder, Chairman and Chief Executive Officer, Mr. Brad ...

Core Viewpoint - Beneficient (NASDAQ:BENF) is set to release its Fourth Quarter and Full Year Fiscal 2024 financial results on July 2, 2024, before market open, followed by a webcast presentation at 8:30 am Eastern Daylight Time [1]. Company Overview - Beneficient aims to democratize the global alternative asset investment market by providing exit solutions for mid-to-high net worth individuals and small-to-midsized institutions [5]. - The company offers a proprietary online platform, AltAccess, which allows users to digitize their alternative assets and explore early exit opportunities [5]. - Beneficient's AltQuote™ tool provides customers with a range of potential exit opportunities within minutes [5]. - The subsidiary, Beneficient Fiduciary Financial, L.L.C., operates under the Kansas Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Office of the State Bank Commissioner [5].