Menhaden Resource Efficiency updates on its liquidation and return of capital, Bellevue Healthcare wins support for its zero discount policy and Vicky Hastings resigns from the board of Alliance Witan. Plus a string of holding changes in companies including European Smaller and Fidelity Japan.

• Apax Global Alpha (APAX) expects to invest €4.5m in Foods Connected through its holdings in Apax private equity funds. Foods Connected, a Northern Ireland based provider of cloud software to food retailers, is spinning off from meat packager Hilton Food Group (HFG).
• Menhaden Resource Efficiency (MHN) has sold its holdings in two TCI Real Estate Partners funds as part of its liquidation, generating £9.5m cash. Talks to sell its remaining two unlisted investments continue with a view to completion this month. As a result a third distribution to shareholders is postponed until these sales are achieved. The company has so far paid out £1.02 a share and expects the total distribution will be at least £1.60 a share.
• Bellevue Healthcare (BBH) secured support of 85.8% of shareholder votes at its annual general meeting to continue share buybacks as part of its new zero discount control policy that has seen the shares move back to their net asset value.
• Assura (AGR) has declared a special dividend of 0.84p as part of its takeover by Primary Health Properties (PHP).
• Vicky Hastings, a former European fund manager, has resigned as a non-executive director of Alliance Witan (ALW) for personal reasons. She had been on the board for three years and also chairs Henderson European Trust (HET) which is merging with Fidelity European (FEV).
• Integrafin (IHP), the operator of the Transact platform for financial planners, has disclosed a 3% stake in Schroder European Real Estate (SERE) on behalf of its clients. The shares stand on a wide 31% discount.
• Wealth manager Rathbones has cut its holding in Warehouse REIT (WHR) from 5.13% to 2.18%. WHR is currently the subject of a bid battle between Blackstone and Tritax Big Box (BBOX).
• US discount hunter Allspring Global Investments has lifted its stake in Fidelity Japan (FJV) from 10.1% to 11%. Shares in the investment trust have narrowed their discount to 6% as the board considers whether to wind up or merge after shareholders voted against its continuation in May.
• UK discount hunter Lazards has cut its position in European Smaller Companies Trust (ESCT) which completed a 42.5% tender offer in May after previously reaching a standstill agreement with activist Saba Capital.
• The four Maven Income and Growth venture capital trusts (VCTs) intend to raise a total of £50m, or £12.5m each in the 2026 and 2027 tax years.
• Foresight Enterprise VCT (FTF) also intends to launch a new subscription offer later this year. A prospectus will be published in due course.
• Mercantile (MRC), the £1.8bn JPMorgan run UK mid cap investment trust, has appointed Peel Hunt as joint broker alongside its existing broker Winterflood. The shares stand on a 9.7% discount.
• Supermarket Income (SUPR) has completed its transfer from the closed-ended funds catgory to the equity shares (commercial companies) segment of the London Stock Exchange.