BFHJ News out! Beneficial Holdings, Inc. Submits Paperwork to Nevada Secretary of State to Perform Share DividendLAS VEGAS, NV--(Marketwire - January 15, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today filed the necessary paperwork with the Nevada Secretary of State to finalize its share dividend. The Company expects to receive approval within two business days.
For every single one share owned by a shareholder on the ex-date (to be announced), the shareholder will receive six additional common shares.
BFHJ will announce the ex-date for the dividend as soon as practicable. This may be as soon as a day after the announcement depending on the Company receiving approval notifications.
BFHJ believes that issuing a non-taxable dividend to its shareholders will decrease volatility and manipulation in its stock.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains two physical gaming properties and is in the process of acquiring a third property. The company currently maintains capitalization of 129,000,000 authorized shares, of which 89,587,907 are restricted. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. The company maintains no convertible debt.
This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences.
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