ABOUT Millennium Investment & Acquisition Company
Millennium Investment and Acquisition Co. Inc. (ticker: MILC) is an internally managed, non-diversified, closed-end investment company.
MILC has three assets:
1) Activated Carbon (“AC”) plant located in Kawaihae, Hawaii
2) SMC Global (“SMC”) - India financial services firm
3) Approximately $2 million of cash and short term investments (zero debt)
Investors in MILC can gain exposure to Alternative Energy and India which are two potentially appealing investment allocation sectors.
MILC has three assets:
1) Activated Carbon (“AC”) plant located in Kawaihae, Hawaii
2) SMC Global (“SMC”) - India financial services firm
3) Approximately $2 million of cash and short term investments (zero debt)
Investors in MILC can gain exposure to Alternative Energy and India which are two potentially appealing investment allocation sectors.
MILC trades at a discount to the value of its position in SMC
-- investors essentially get the investment in AC and the cash for free
-- investors essentially get the investment in AC and the cash for free
