Menhaden Resource Efficiency launches strategic review ahead of continuation vote

As discount nears 40%

Menhaden Resource Efficiency (MHN) is launching a strategic review to explore options to narrow its double-digit discount ahead of its continuation vote in 2025.

In its half-year results published today (17 September), the board said it would be working with its advisers to conduct the review, with an outcome expected before its annual general meeting in July next year.  "The board is conscious of the challenges facing the listed investment company sector, many of which are also faced by the company at this time," said chair Howard Pearce. Home REIT shareholders clear way to implement managed wind-down The chair noted the trust's small size and low trading liquidity has resulted in low demand from investors, which has in turn led its shares...