Beneficial Holdings Inc. Reiterates Ex Date for DividendLAS VEGAS, NV--(Marketwire - March 2, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today clarified the ex date announced for its six share dividend. While the Company chose March 5, 2010, as the ex date in its resolutions, it appears that the three day settlement period must be factored in. Therefore, it appears possible that today is the last day to acquire the dividend shares if the stock is purchased on the open market.
On the other hand, there exists a small possibility that FINRA may direct the Company to alter the ex date of the dividend. If this occurs, and a shareholder sold his shares, he may not receive the dividend.
Therefore, in an abundance of caution, the Company again states that shareholders need to consider the settlement periods and the fact that the ex-date is tentative in nature.
Beneficial Holdings Inc. is a Central America based gaming, entertainment, and hospitality company. Through its subsidiaries, it operates a hotel, two gaming facilities, and is in the process of releasing an online entertainment site.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. 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's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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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