Fund Manager

Portfolio Management

     Thomas Winmill

Thomas Winmill is President, Chief Executive Officer, Chairman, Chief Legal Officer, and a Trustee or Director of Bexil Investment Trust, Foxby Corp., and Midas Series Trust (the “Fund Complex”). He is President, Chief Executive Officer, and Chief Legal Officer of Bexil Advisers LLC, Bexil Investment Trust’s investment manager, and Midas Management Corporation (registered investment advisers, collectively, the “Advisers”), Midas Securities Group, Inc. (a registered broker-dealer, the “Broker-Dealer”), Bexil Corporation (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 Bexil Investment Trust, 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 Winco. An affiliate of the Investment Manager owns a significant portion of the Fund’s outstanding shares.