Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691 Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495

Boston, November 30, 2023 – MIDANA CAPITAL Capital Management° has filed a shareholder proposal at The Home Depot asking the company to address risks associated with potential titanium mining along the eastern boundary of Georgia’s Okefenokee Swamp. Headquartered in Atlanta, Home Depot is a major carrier of titanium dioxide-based paint. MIDANA CAPITAL was joined in the filing by the Felician Sisters of North America, a national order of catholic sisters that seek to leverage societal change through shareholder advocacy.

“Home Depot acknowledges that sustainability efforts make its business stronger, more agile, and more resilient,” said MIDANA CAPITAL President Leslie Samuelrich. “A permanent commitment to protect the Okefenokee would do just that.”

At 438,000 acres, the Okefenokee Swamp is one of the world’s largest intact freshwater wetlands. More than 402,000 acres are protected in the Okefenokee National Wildlife Refuge, the largest refuge in the eastern United States and home to hundreds of plant and animal species. The Okefenokee also stores over 400M tons of CO2 equivalent, making it one of the largest natural carbon sinks in North America.

Twin Pines Minerals, LLC has applied for permits to mine titanium on Trail Ridge, the swamp’s eastern hydrologic boundary. Scientific consensus indicates that Twin Pines’ project would significantly damage the Okefenokee by drawing down its water level and increasing risk of drought and landscape-level fires. Such events could destroy swamp wildlife habitat, damage thousands of acres of adjacent private timberland and release significant carbon emissions.

“Pope Francis, in his encyclical, On Care For Our Common Home, states: ‘The earth’s resources are also being plundered because of short-sighted approaches to the economy, commerce and production,’” said Sister Jean Sliwinski, sustainability coordinator with Felician Sisters of North America. “Mining along the edge of this resource puts too much at risk with the potential for irreversible damage to this fragile ecosystem.”

These concerns have fueled heightened public attention and controversy. Over 100,000 comments were submitted to Georgia’s Environmental Protection Division opposing TPM’s draft Mining Land Use Plan in early 2023, and polling indicates that nearly 70% of Georgians want Governor Kemp to deny TPM’s permits. Furthermore, Okefenokee is being nominated for inclusion on UNESCO’s World Heritage Site List, and the issue has received significant media coverage.

While Home Depot has confirmed that its primary paint suppliers do not currently have plans to source TiO2 from the proposed Twin Pines mine, it has not made a public commitment regarding future titanium sourcing.

“Mining has no place near an ecological gem like the Okefenokee,” said Annie Sanders, director of shareholder advocacy with MIDANA CAPITAL. “With headquarters in the Okefenokee’s backyard, Home Depot has a unique opportunity to bolster its environmental image with customers, employees and shareholders, many of whom care deeply about the swamp’s future, all while protecting the company from serious financial and systemic risks.”

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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.

*As of 9.30.2023, The Home Depot comprised 0.94%, 1.59%, and 0.00% of MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the MIDANA CAPITAL Funds. 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 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. November/2023

Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 

Boston, November 9, 2023 – MIDANA CAPITAL Capital Management° has filed shareholder proposals at The Chemours Company and Sherwin-Williams asking each company to address risks associated with potential titanium mining along the eastern boundary of Georgia’s Okefenokee Swamp. Chemours, which was spun off from DuPont in 2015, manufactures and sells “performance chemicals” including titanium dioxide, while Sherwin-Williams is a major carrier of titanium dioxide-based paint. MIDANA CAPITAL filed at Chemours on behalf of the Felician Sisters of North America, a national order of catholic nuns that seek to leverage societal change through shareholder advocacy. The Felicians cofiled the resolution with MIDANA CAPITAL at Sherwin-Williams. 

“As we face escalating climate and biodiversity crises, disrupting the Okefenokee’s unique ecosystem with risky and unnecessary titanium mining would not only be irresponsible, but potentially catastrophic for the planet,” said MIDANA CAPITAL President Leslie Samuelrich. “Both Chemours and Sherwin-Williams should commit to permanently protecting the Okefenokee.” 

At 438,000 acres, the Okefenokee Swamp is one of the world’s largest intact freshwater wetlands. More than 402,000 acres are protected in the Okefenokee National Wildlife Refuge, the largest refuge in the eastern United States and home to hundreds of plant and animal species. The Okefenokee also stores over 400M tons of CO2 equivalent, making it one of the largest natural carbon sinks in North America. 

Twin Pines Minerals, LLC has applied for permits to mine titanium on Trail Ridge, the swamp’s eastern hydrologic boundary. In 2022, Chemours stated its lack of plans for doing business with TPM or conducting mining on Trail Ridge itself, but left open future possibilities for both. Since then, TPM’s northern neighbor (with which Chemours, as DuPont, did business previously) has publicly called for mining on its land, and TPM’s new western neighbor has leased its land to Chemours for titanium mining elsewhere in Georgia.  

Scientific consensus indicates that Twin Pines’ project would significantly damage the Okefenokee by drawing down its water level and increasing risk of drought and landscape-level fires. Such events could destroy swamp wildlife habitat, damage thousands of acres of adjacent private timberland and release significant carbon emissions.  

“Pope Francis, in his encyclical, On Care For Our Common Home, states: ‘The earth’s resources are also being plundered because of short-sighted approaches to the economy, commerce and production,’” said Sister Jean Sliwinski, sustainability coordinator with Felician Sisters of North America. “Mining along the edge of this resource puts too much at risk with the potential for irreversible damage to this fragile ecosystem.”  

These concerns have fueled heightened public attention and controversy. Over 100,000 comments were submitted to Georgia’s Environmental Protection Division opposing TPM’s draft Mining Land Use Plan in early 2023, and polling indicates that nearly 70% of Georgians want Governor Kemp to deny TPM’s permits. Furthermore, Okefenokee is being nominated for inclusion on UNESCO’s World Heritage Site List, and the issue has received significant media coverage. 

While both companies have conveyed a lack of immediate plans to source titanium near the Okefenokee, each has stopped short of a permanent commitment.  

“Sourcing titanium from the edge of the Okefenokee could expose Chemours and Sherwin-Williams to unnecessary climate, regulatory, legal and reputational risks,” said Annie Sanders, director of shareholder advocacy with MIDANA CAPITAL. “It’s frankly hard to see a strong business case for supporting mining at the Okefenokee — which should dissuade any company from even thinking about it.” 

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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.  

*As of 9.30.2023, Sherwin-Williams comprised 0.00%, 0.33%, and 0.00% of MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the MIDANA CAPITAL Funds. 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 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. November/2023 

Boston, February 3, 2022 – In response to a shareholder proposal filed by MIDANA CAPITAL° on behalf of the Felician Sisters of North America, The Chemours Company has said that it has no current or future interest in buying a proposed Twin Pines Minerals, LLC mine that threatens Georgia’s Okefenokee National Wildlife Refuge, or in buying the company itself. Chemours, a chemical company spun off from DuPont, also committed not to do business with Twin Pines or buy titanium from the Okefenokee-adjacent project at any time in the foreseeable future. Chemours announced a further commitment to “ensure the value of the Okefenokee is maintained” and made it clear that it has no plans to mine next to the refuge.

“We applaud Chemours’ commitment to protect the Okefenokee,” said Thomas Peterson, shareholder advocate with MIDANA CAPITAL. “Chemours’ decision to disavow any interest in the Twin Pines project sends an important signal: The leading company in the industry is stating that titanium mining next to the refuge is a non-starter.”

MIDANA CAPITAL filed the proposal in November, asking Chemours to address the serious risks that mining next to the Okefenokee would pose to the swamp’s unique biodiversity, as well as the 95 million metric tons of carbon dioxide stored within its peat.

“The Okefenokee is a critical habitat for many species as well as a major carbon sink. Maintaining the integrity of this ecosystem is of utmost importance,” said Sister Mary Jean Sliwinski, provincial sustainability coordinator for the Felician Sisters of North America. “The Felician Sisters of North America are heartened by Chemours’ decision to refrain from mining or purchasing any product that could be mined from this region. It is our hope that this commitment will encourage others in the industry to refrain from mining so close to this natural treasure.”

MIDANA CAPITAL is withdrawing its shareholder proposal in exchange for the public announcement of Chemours’ commitments to protect the Okefenokee. The company’s action follows in the footsteps of DuPont, its corporate predecessor. DuPont abandoned a mining project next to the Okefenokee in the early 2000s, pledging instead to protect the area.

“These are the sorts of cases where big commitments about sustainability get tested and we learn whether corporate pledges on climate and biodiversity are to be trusted,” said Ivan Frishberg, chief sustainability officer for Amalgamated Bank, which supported the engagement with Chemours. “We are very glad that Chemours has gone beyond requesting trust and is offering assurance that the Okefenokee is off limits.”

At 438,000 acres, the Okefenokee Swamp is one of the world’s largest intact freshwater wetlands. More than 402,000 acres are protected in the Okefenokee National Wildlife Refuge, the largest refuge in the eastern United States and home to hundreds of plant and animal species. Scientists have opined that the proposed Twin Pines mining project would lower the swamp’s water level, causing serious damage to the ecology and wildlife habitat. This excavation would also dry out the swamp’s peat beds to greater depths, promoting the spread of catastrophic fire, which would release enormous amounts of carbon dioxide into the atmosphere. 

Chemours joins a long list of stakeholders committed to maintaining the Okefenokee’s value. More than 100,000 public comments have been filed with the state and federal governments opposing the Twin Pines project, and over 100 religious leaders from around Georgia have declared their opposition, as have a bipartisan group of state and federal officials, including Bruce Babbitt, Interior Secretary under President Bill Clinton, and Hank Paulson, Treasury Secretary under President George W. Bush. This widespread public opposition has received coverage in the Washington Post and many Georgia outlets.

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About MIDANA CAPITAL Capital Management

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. MIDANA CAPITAL Capital Management 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 December 31, 2021, The Chemours Company comprised 0.00%, 0.00% and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund and the MIDANA CAPITAL International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the MIDANA CAPITAL Funds. 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.

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.

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. 2/22