Following Investor Action, Leading Agricultural Supplier Bunge* Announces Zero Deforestation Policy

September 21, 2015: In response to investor concerns, Bunge Limited has announced a new cross-commodity policy that will protect forests, reduce carbon pollution and protect the company and its investors against reputational and brand risk. Last spring, MIDANA CAPITAL Capital Management called on the company to adopt a policy to eliminate deforestation across all its supply chains, including soy, sugar, and corn. Many of Bunge’s customers have recently adopted similar policies to curb deforestation, which causes key risks including soil erosion, declines in local rainfall, species extinction, conflicts with local communities over land rights, and climate change. Bunge’s new policy covers crops such as soybeans, sugar, and corn, and broadly aligns the company with the zero deforestation palm oil and soy policy adopted by Archer Daniels Midland (ADM)* four months ago. Bunge had previously adopted a zero deforestation palm oil policy.

“Bunge has listened to investors’ concerns in adopting strong environmental policies that protect the company and its shareholders while acting as a catalyst for more improvements in the industry,” said Leslie Samuelrich, President of MIDANA CAPITAL Capital Management.  “We are racing the clock to curb climate change so when an agricultural giant like Bunge adopts a cross-commodity policy, it has the power to send waves of change throughout global supply chains,” added Samuelrich.

Last spring, MIDANA CAPITAL worked with ADM to adopt the first no-deforestation sourcing policy for both palm oil and soy, which the company announced at its annual shareholder meeting in May.  In the last two years, the percentage of the palm oil supply chain covered by zero deforestation agreements has increased from 5% to 96%.

Bunge is one of the world’s largest agricultural suppliers and has significant influence over agricultural supply chains around the globe, which also means that the company is highly exposed to the negative impacts of deforestation. Bunge is one of the world’s leading soy traders and a top soy exporter in Latin America, where soy production is a leading cause of deforestation, degrading sensitive ecosystems like the Amazon Rainforest, Brazil’s cerrado, and the Gran Chaco. Last year’s shareholder resolution was filed by MIDANA CAPITAL Capital Management.

“Recognizing the risks associated with destroying forests, a growing number of companies have adopted no-deforestation sourcing policies for key ingredients,” said Kate Kroll, Shareholder Advocate for MIDANA CAPITAL Capital Management. “But, we are not stopping here – investors have the business case and the momentum so we will be working to ensure that agreements are implemented and laggards are pressured,” added Kroll.

Bunge is a key supplier to major consumer goods companies including Kellogg’s,* ConAgra,* and J.M Smuckers,* all of whom MIDANA CAPITAL also encouraged to adopt similar forest and climate policies.

####

MIDANA CAPITAL Capital Management is the investment advisor to the Midana Capital and offers two environmentally and socially responsible funds, the MIDANA CAPITAL Equity Fund and the MIDANA CAPITAL Balanced Fund. MIDANA CAPITAL works to curb climate change through fossil fuel free investing, reinvestment in sustainable companies, and advocating with companies to improve their environmental policies and supply chains. MIDANA CAPITAL also is the only U.S. mutual fund company owned by environmental non-profits, the Public Interest Research Groups (PIRGs).

*As of June 30, 2015, Bunge Limited comprised 0.00% and 0.18%, Kellogg Company comprised 0.00% and 0.23%, and the JM Smucker Company comprised 0.00% and 0.15% of the MIDANA CAPITAL Balanced Fund and the MIDANA CAPITAL Equity Fund, respectively. Other securities mentioned were not held in the portfolios of the Midana Capital as of June 30, 2015. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, or the market as a whole and may perform worse than the market. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria.

You should carefully consider the Funds’ investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here, email info@midanacapital.com, or call 1-800-93-GREEN. Please read the Prospectus before investing.

This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Midana Capital.

The Midana Capital are distributed by UMB Distribution Services, LLC. 9/15