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Jaguar8 commented on a stock · Nov 22, 2024 07:17

NEWS

Beneficient Reports to Kansas Legislative Committee on Its Positive Developments and the Digital Transformation of the Alternative Asset Industry
Beneficient (BENF) provided an update to Kansas Joint Committee on its operations and economic development activities under the TEFFI Act.
The company reported its second consecutive quarter of positive diluted EPS through September 30, 2024, and received board authorization for up to $5 billion in fiduciary financings.
A key highlight includes the development of a new grocery store project in Hesston, KS, operated by White's Foodliner.
The Act's proceeds have funded over 70 microgrants totaling nearly $3 million for Kansas communities with populations under 5,000.
The company also completed a transaction reclassifying preferred equity, increasing permanent equity by $126 million.
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