Millennium Investment & Acquisition Company Inc. is a closed-end, non-diversified investment company. The Company has investments in various industry sectors, such as financials and materials. The Company, through its subsidiary, Millennium HI Carbon, LLC, holds interests in an activated carbon plant in Kawaihae, Hawaii. When operating, the plant will process a waste stream of macadamia nut shells into a special form of activated carbon (AC). The plant consists of approximately 10 acres of land leased from the Department of Hawaiian Home Lands (DHHL), the existing equipment, and approximately 24,000 tons of macadamia nut shells. The Company also holds interests in SMC Global Securities Limited.