Boston, November 18, 2020 – MIDANA CAPITAL° commends Aramark Corporation (Aramark), one of the world’s largest food service providers, for quickly making progress on its no-deforestation commitment. Within less than a year of establishing its no-deforestation policy, Aramark is sourcing 100% of its soy oils, 99% of its palm oil, and 60% of its beef deforestation-free.

“Aramark is a great example of the power of shareholder advocacy,” said Leslie Samuelrich, president of MIDANA CAPITAL Capital Management. “Aramark was extremely receptive to our concerns about its lack of a deforestation policy and has moved swiftly to enact meaningful changes in it supply chain. We are looking forward to seeing continued progress from the company as it works toward its 2025 commitment.”

MIDANA CAPITAL collaborated with Aramark, which serves nearly 2 billion meals each year, on the development of its No-Deforestation policy, after withdrawing a shareholder resolution on forest-related risk in 2019.

The deforestation policy Aramark adopted addresses “No Deforestation, No Peat, No Exploitation” (NDPE) sourcing practices, including legal deforestation, across its entire global supply chain, including paper products.

The rearing of cattle and the production of soy, which is predominantly used as feed for poultry and livestock, are leading drivers of tropical deforestation. Deforestation is responsible for approximately 10% of global anthropogenic emissions. In addition to exacerbating the climate crisis, deforestation drives biodiversity loss, undermines the maintenance of healthy ecosystems, and plays an active role in the spread of infectious diseases.

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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 September 30, 2020, Aramark Corporation comprised 0.00%, 0.04%, 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.

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. 11/20

Boston, November 12, 2020 – Today, Tyson Foods, Inc. (Tyson) revealed its new Forest Protection Standard. It fails to meet investors’ expectations or best practices.

“Tyson’s Forest Protection Standard is inadequate and disappointing,” said MIDANA CAPITAL° Shareholder Advocate Jessye Waxman. “We hoped the company would embrace this opportunity to live up to its purported goal to be the ‘world’s best, most sustainable protein supplier, bar none,’ but this policy does not position Tyson as a sustainability leader or adequately address deforestation risks in its supply chain.”

In February, MIDANA CAPITAL withdrew a shareholder proposal, urging Tyson to undertake an analysis of its supply chains and to adopt policies that eliminate the company’s exposure to deforestation, after the company publicly revealed its commitment and existing plans to develop and implement a no-deforestation policy.

Tyson’s new Forest Protection Standard fails to eliminate the company’s exposure to deforestation.

For example, only 35% of the palm oil Tyson currently sources is certified by the Roundtable on Sustainable Palm Oil (RSPO), the gold standard for responsibly produced palm oil, but Tyson’s new forest policy does not set goals for achieving full certification, in contrast to most other companies that have adopted policies on deforestation.

Tyson also asserts its partial reliance on Sustainable Forestry Initiative (SFI) certification for its packaging procurement mitigates its deforestation risks, but last month, investors overwhelmingly supported a shareholder resolution at Procter & Gamble* that highlighted SFI as a subpar certification standard.

The timelines outlined in Tyson’s Forest Protection Standard also are of concern. To be effective, deforestation policies must be expediently implemented. Tyson suppliers are provided with up to a decade to meet its sourcing requirements. Such a protracted timeline does little to meaningfully mitigate risk in Tyson’s supply chain or to alleviate investor concerns about how this risk is being comprehensively addressed.

MIDANA CAPITAL filed the resolution with Tyson Foods as the company is expanding its operations in international markets, including Brazil, China, and Southeast Asia, which have greater operation and supply chain exposure to deforestation-related risks.

The rearing of cattle and the production of soy, which is predominantly used as feed for poultry and livestock, are leading drivers of tropical deforestation. Deforestation is responsible for approximately 10% of global anthropogenic emissions, in addition to being a leading cause of biodiversity loss.

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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 September 30, 2020, Procter & Gamble comprised 0.75%, 2.26%, 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.

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. 11/20

As the need to address biodiversity loss, climate change and ecosystem stability become more urgent, it’s more important than ever that investors turn their attention to mitigating the risks deforestation poses to individual companies’ supply chains and to their portfolios overall.

Over the last decade individual companies, industry groups, like the Consumer Goods Forum, and multi-stakeholder initiatives, like the New York Declaration on Forests, have all mobilized resources to end deforestation, especially in the private sector. Unfortunately, these efforts have not yet reached their ambitious goals. Many companies are considering extending the timelines for fully realizing their commitments to remove deforestation from their supply chains, and many global initiatives are reassessing their strategies.

2020, therefore, is not only a critical year for tracking the state of the world’s forests, but also a critical time for doubling down on private sector efforts to address deforestation in the decade to come.

The main driver of deforestation is the demand for agricultural commodities. That’s why MIDANA CAPITAL has been engaging with companies in forest-risk supply chains since 2012. Many of the companies we have worked with are consumer-facing brands, and we’ve successfully moved companies like Aramark,* ConAgra,* Kellogg,* Target,* Tyson Foods* and others to adopt no-deforestation policies.

There’s certainly more work to be done with the corporate and financial sectors–nearly half of the world’s most influential companies and financial institutions with exposure to forest-risk commodities have yet to adopt no-deforestation policies. At the same time, commodity traders also need to work within their own operations and supply chains and provide investors with the disclosure needed to demonstrate effective efforts to mitigate the risks related to deforestation.

In fact, commodity traders are exposed even more than consumer goods companies to operational and regulatory risks connected to deforestation. And since commodity traders have more direct control over their supply chain sourcing, they’re well positioned to mitigate risk not only within their own operations, but also in their clients’ supply chains.

Accordingly, in 2015 MIDANA CAPITAL began engaging several of the key commodity traders on deforestation. We secured the first cross-commodity deforestation commitment from Archer Daniels Midland* and were instrumental in helping secure a zero-deforestation commitment from Wilmar,* which was the first to cover both direct and indirect suppliers.

As the 2020 deadlines for many companies’ no-deforestation commitments approach, investors are not only encouraging consumer goods companies to meet their stated goals by year’s end, they’re also increasingly pushing those companies’ suppliers – the commodity traders. Investors this year will want to see commodity traders continue to improve on and disclose their progress toward the implementation of no-deforestation standards, ensure deforestation-free operations — and meet customers’ needs.

As the end of this critical year is still many months away, we are eager to continue to engage with companies and commodity traders alike in the hopes that they’ll meet their 2020 targets, and bring us closer to eliminating deforestation globally.

*As of December 31, 2019, Archer Daniels Midland Co. comprised 0.00%, 0.19%, and 0.00%; Aramark Corporation comprised 0.00%, 0.08%, and 0.00%;  Bunge Ltd comprised 0.00%, 0.06%, and 0.00%; The Kellogg Company comprised 0.00%, 0.13%, and 0.00%; and Target Corporation comprised 0.98%, 0.06%, and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL 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.

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. 3/20

Boston, February 5, 2020 – MIDANA CAPITAL Capital Management (MIDANA CAPITAL) has withdrawn a shareholder proposal with Tyson Foods, Inc. (Tyson), the second largest meat processor in the world, after the company publicly revealed its commitment and existing plans to develop and implement a no-deforestation policy.

“We are pleased that Tyson is committing to ensuring that its international supply chain is not contributing to the destruction of tropical forests or the climate crisis,” said MIDANA CAPITAL President Leslie Samuelrich. “Tyson’s actions on deforestation demonstrate its commitment to its vision to become the ‘most sustainable protein supplier’ in the world.”

In the withdrawal agreement, Tyson publicly committed to developing and implementing a forest policy that addresses “No Deforestation, No Peat, No Exploitation (NDPE).” It also agreed to establish supplier monitoring and engagement policies.

To alleviate investor concerns about transparency, Tyson also agreed to improve its reporting on the traceability and sustainability of forest-risk commodities in its global supply chain.

With this announcement, Tyson joins peers JBS* and Cargill,* which also have committed to mitigating their impacts on the world’s forests.

In recent years, Tyson has expanded its operations in international markets, including Brazil, China, and Southeast Asia, which have greater operation and supply chain exposure to deforestation-related risks. With its increasingly global presence, Tyson’s plan to mitigate deforestation should have a considerable impact.

The rearing of cattle and the production of soy, which is predominantly used as feedstock for poultry and livestock, are leading drivers of tropical deforestation. Deforestation is responsible for approximately 10 percent of global anthropogenic greenhouse-gas emissions, making it a larger contributor to climate change than the European Union. In addition to exacerbating the climate crisis, deforestation poses risks to biodiversity and the maintenance of healthy ecosystems.

###

About MIDANA CAPITAL Capital Management

MIDANA CAPITAL Capital Management is the investment advisor to the MIDANA CAPITAL 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, 2019, no securities mentioned were 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.

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. 2/20