Fund Manager

Portfolio Management

Thomas Winmill is President, Chief Executive Officer, Chairman, Chief Legal Officer, and a Trustee or Director of Dividend and Income Fund, Foxby Corp., and Midas Series Trust (the “Fund Complex”). He is President, Chief Executive Officer, and Chief Legal Officer of Bexil Adviers LLC, Dividend and Income Fund’s investment manager, and Midas Management Corporation (registered investment advisers, collectively, the “Advisers”), Bexil Securities LLC and Midas Securities Group, Inc. (registered broker-dealers, collectively, the “Broker-Dealers”), Bexil (a holding company) (“Bexil”) and Winmill & Co. Incorporated (a holding company) (“Winco”). He is a Director of Global Self Storage, Inc. (a self storage REIT) (“SELF”). He is Chairman of the Investment Policy Committee of each of the Advisers (the “IPCs”), and he is a portfolio manager of Dividend and Income Fund, Foxby Corp., Midas Fund, and Midas Magic. He is a member of the New York State Bar and the SEC Rules Committee of the Investment Company Institute.

Midas Management Corporation

The Fund has retained Midas Management Corporation (the “Investment Manager”) pursuant to an investment management agreement. Under the terms of the investment management agreement, the Investment Manager receives a fee payable monthly for investment advisory services. The Fund reimburses the Investment Manager for providing at cost certain administrative services. The Investment Manager is a subsidiary of Winmill & Co. Incorporated. An affiliate of the Investment Manager owns a significant portion of the Fund’s outstanding shares.