MIDANA CAPITAL Proxy Voting Policies and Record

Publicly traded companies are required to hold meetings once a year for their shareholders. At these meetings, certain key items that require shareholder approval, such as resolutions pertaining to corporate sustainability or the election of directors to a company’s board, are considered. These are known as proxy votes since most shareholders do not attend the annual meetings in person.

MIDANA CAPITAL° believes that proxy voting is an important obligation for all mutual funds and investment managers. Unfortunately, many traditional mutual funds and investment managers fail to vote for resolutions aimed at improving a company’s environmental practices – if they even vote at all.

Voting on company proxies is the most elemental component of shareholder advocacy and MIDANA CAPITAL votes the proxies of all of the holdings in the Midana Capital.

All of MIDANA CAPITAL’s proxy voting is conducted in-house. Unlike many traditional mutual funds, none of our proxy voting is outsourced to advisor firms.

MIDANA CAPITAL votes all of its proxies in the best interest of the Funds and its shareholders. When considering shareholder resolutions about the environment and public health, MIDANA CAPITAL believes that environmentally destructive practices are not just bad for society and the environment, but also create significant risk for businesses. You can read MIDANA CAPITAL’s Proxy Voting Policies and Procedures.

The proxy voting records of the MIDANA CAPITAL Balanced Fund, MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL MSCI International Index Fund for the most recent one-year period also are publicly available.

Shareholders also can file shareholder resolutions for consideration at companies’ annual meetings. Every year, MIDANA CAPITAL files shareholder resolutions aimed at improving corporate sustainability. You can learn more about our award-winning shareholder advocacy program here.