Beneficient Closes Initial Series of Liquidity Transaction Financings of Limited Partner Interests Sourced Through Preferred Liquidity Provider Program (“PLP Program”)

PRESS RELEASE
Beneficient (Nasdaq: BENF), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets through its proprietary AltAccess® online platform, today announced key milestones and liquidity transaction financing closings sourced through its expanding Preferred Liquidity Provider Program (“PLP Program”) for general partners.

Beneficient Closes $38 Million Liquidity Transaction with Customer

Beneficient Closes $38 Million Liquidity Transaction with Customer

PRESS RELEASE
DALLAS— August 2, 2023 —Beneficient (NASDAQ: BENF) (together with its affiliates, “Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced that it has consummated the financing of a liquidity transaction for a customer with respect to multi-family real estate alternative assets with a net asset value (“NAV”) of approximately $38 million. Pursuant to the terms, Ben now holds a fiduciary loan with an initial principal balance of approximately $38 million to certain of the trusts of which its affiliate serves as trustee, which acquired alternative assets in exchange for 3,768,995 shares of Beneficient’s Series B-1 Resettable Convertible Preferred Stock at a price of $10.00 of NAV per share (the “Preferred Stock”).

Ben Launches Enhance AltAccess Platform

Beneficient, Founded by Alternative Asset Industry Pioneer Brad Heppner, Publicly Launches its AltAccess® Digitized Custody & Liquidity Platform

PRESS RELEASE
DALLAS, July 17, 2023 – New Public Access to Online Platform Provides Range of Digital Custody and Liquidity Solutions for Holders of Alternative Assets Seeking Secure, Rapid and Cost-Effective Early Exits.Company Also Launches AltQuote™ as Part of AltAccess® Online Platform, a Complete Web-based Tool for Rapid Liquidity Pricing of Illiquid Alternative Assets