(Boston, November 13) MIDANA CAPITAL° announced today that it has joined major investors in signing two letters urging action on the UN Global Plastics Treaty. The UN Global Plastics Treaty, due to be completed in 2024, would create a legally binding international agreement to cover the entire life cycle of plastics.

“UN member countries have a once in a lifetime opportunity to confront the plastics pollution crisis,” said Leslie Samuelrich, President of MIDANA CAPITAL Funds. “We strongly support the highest level of ambition in the Global Plastic Treaty.”

Plastic pollution is seen as a worldwide crisis and market failure. Nearly 400 million tons of plastics are produced annually, primarily from fossil fuels, creating a carbon footprint of approximately 1.8 billion tons of emissions each year. Plastic is also known to have negative impacts on environmental and human health at every stage of its lifecycle.

(Organization for Economic Cooperation and Development, EPA)

The estimated annual greenhouse gas emissions from plastic production worldwide is more than the emissions from 400 million cars, or greater than of all the cars in North America combined.

The letter from the Dutch Association of Investors for Sustainable Development to the High Ambition Coalition, signed by MIDANA CAPITAL and nearly 30 other institutional investors, urges countries to create a comprehensive, binding agreement to address global plastic design, production, and disposal. It also calls for investments in refillable bottle systems to replace single use plastics.

The second letter, CDP’s Open Letter to Governments, endorsed by 48 financial institutions with over $3.5 trillion AUM, calls for mandatory plastic data disclosure by all plastic producers globally.

Progress has been made in recent years on plastic disclosure, yet many investors, corporations, and governments are still largely unaware of the types and quantities of plastics being produced. Requirements for better transparency are complicated by the more than 13,000 commonly used plastic additives which impact human health and decrease recyclability.

The Health Impact of Chemical Additives to Plastic Are Largely Unknown and Unregulated

Of the over 13,000 chemical additives to plastic, over 70% have adverse impacts on human health or have not yet been the subject of scientific studies.

“The more you learn about plastics, the clearer the risks become,” said Douglass Guernsey, shareholder advocate at MIDANA CAPITAL. “Plastic additives increase health and litigation risk for businesses and make plastic harder to recycle. After mandatory disclosure, the next steps are plastic reduction and commonsense solutions like refillable bottles.”

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About MIDANA CAPITAL Funds

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. MIDANA CAPITAL hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.midanacapital.com, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

An investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk.

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

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. September/2023

BOSTON, May 7, 2019 – MIDANA CAPITAL is pleased to announce that Kroger, the largest grocery chain in the U.S., will develop and implement a no-deforestation policy. This new commitment will cover Kroger’s private label Our Brands products.

“Kroger prides itself on ‘nourishing our communities and preserving our planet’ and, as one of the largest retailers in the world, this new commitment certainly will help preserve the world’s forests,” said MIDANA CAPITAL Shareholder Advocate Jessye Waxman. “By listening to our concerns about deforestation risks in its supply chain and agreeing to implement a no-deforestation policy, Kroger is making real progress on this important and material sustainability issue.”

“Kroger’s Zero Hunger | Zero Waste plan reflects Kroger’s commitment to help conserve the natural resources we all share,” said Lisa Zwack, Kroger’s head of sustainability. “As our current sustainability goals near their 2020 timeline, we are shaping new long-term targets that extend our zero-waste approach. We are committed to meaningful stakeholder engagement, and we appreciate MIDANA CAPITAL’s dialogue and feedback during this process.”

In 2019, Kroger will assess its exposure to deforestation and use those findings to inform the development of its no-deforestation commitments. Moving forward, Kroger will also share progress on its commitments to address deforestation in its annual Sustainability Report, by joining the Roundtable for Sustainable Palm Oil (RSPO) and by completing the CDP Forests questionnaire.

“Kroger is a giant company with an immense supply chain, so this new commitment is a big deal,” said MIDANA CAPITAL President Leslie Samuelrich. “I’m pleased that Kroger listened to our concerns and is committing to improving its protection of tropical forests.”

MIDANA CAPITAL was lead on the deforestation resolution filed with Kroger, and worked with Seventh Generation Interfaith and two co-filers, the Sisters of the Presentation of the Blessed Virgin Mary and the School Sisters of Notre Dame Central Pacific Province, on the engagement.

The conversion of tropical forests to agricultural plantations is the primary cause of deforestation, which is a leading contributor to climate change. Forest destruction contributes nearly the same amount of global greenhouse-gas emissions as the entire transportation sector. Deforestation also poses a risk to the preservation of biodiversity and the maintenance of healthy ecosystems.

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About MIDANA CAPITAL Capital Management

MIDANA CAPITAL is the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. MIDANA CAPITAL invests in sustainable companies, hosts an award-winning and in-house shareholder advocacy program, and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.

*As of March 31, 2019, Kroger Co. comprised 0.00%, 0.16%, and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL MSCI International Index Fund, respectively. 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.

You should carefully consider the Fund’s 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(480)-439-2851. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

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

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 5/19