Menhaden Capital (Menhaden) currently operates with a dual listing on both the London Stock Exchange and the Social Stock Exchange segment of the NEX Exchange Main Board. Menhaden’s board says that, having consulted with its advisers, it has decided to seek to cancel the company’s secondary listing on the NEX in order to achieve operational and financial efficiencies. The board anticipates the cancellation to be completed on 31 March 2017. The Company will retain its premium listing on the London Stock Exchange. The Company says that, despite the delisting, it is committed to strengthening its impact reporting and will continue to report annually on the environmental, social and economic impact that the Company has, or intends to deliver.
Menhaden Capital is an investment trust that aims to generate long-term shareholder returns, predominantly in the form of capital growth, by investing in businesses and opportunities that are delivering or benefiting from the efficient use of energy and resources. It listed on the London Stock Exchange on 31 July 2015. The Company’s portfolio has three main allocations: listed equity, yield assets and special situations and is focused predominantly on developed markets. The company invests in both listed and unlisted investments, as well as external funds. The manager aims to pursue an active, non-benchmarked total return strategy, and follows a relatively concentrated high conviction approach with typically 20 to 25 holdings.
Menhaden Capital to cancel second listing on the Social Stock Exchange : MNH