EX-99.77C VOTES 3 mstexhibit77c.htm mstexhibit77c.htm

RESULTS OF A JOINT SPECIAL MEETING OF STOCKHOLDERS

A Joint Special Meeting of Stockholders of Midas Fund, Inc., Midas Magic, Inc., and Midas Perpetual Portfolio, Inc. was held on September 12, 2012  at the offices of the Funds at 11 Hanover Square, 12th Floor, New York, New York 10005, and adjourned to October 1, 2012 for the following purposes:

                                                                                
1.  
To approve an Agreement and Plan of Reorganization for the Fund, pursuant to which the Fund will be organized into a corresponding, similarly named, series of a newly established Delaware statutory trust.

Midas Fund, Inc.

For
Against
Abstain
Broker Non-Vote
9,463,271
619,024
370,839
2,063,298

Midas Magic, Inc.

For
Against
Abstain
Broker Non-Vote
354,990
13,963
7,946
116,470

Midas Perpetual Portfolio, Inc.

For
Against
Abstain
Broker Non-Vote
6,646,405
290,067
57,019
388,212



2.  
To approve a new investment management agreement between the Fund and Midas Management Corporation, the Fund’s current investment manager, so that Midas Management can continue to provide services to the Fund.  As discussed in the Proxy Statement, the Fund’s prior investment management agreement has been deemed to have terminated due to a change in control of Midas  Management’s parent company, and Midas Management currently serves as the Fund’s investment manager pursuant to an interim investment management agreement.  Accordingly, in order for Midas Management to continue to provide services to the Fund beyond the interim period, shareholders are being asked to approve a new investment management agreement, under which Midas Management would continue to provide the same services at the same management fee rate.

Midas Fund, Inc.

For
Against
Abstain
Broker Non-Vote
9,534,420
550,456
368,257
2,063,298

Midas Magic, Inc.

For
Against
Abstain
Broker Non-Vote
360,969
9,726
6,204
116,470

Midas Perpetual Portfolio, Inc.

For
Against
Abstain
Broker Non-Vote
6,683,823
252,649
57,019
388,212




3.  
To elect Bruce B. Huber, James E. Hunt, Peter K. Werner, and Thomas B. Winmill to the Fund’s Board.

Midas Fund, Inc.

Bruce B. Huber

For
Withheld
11,495,827
1,020,605

James E. Hunt

For
Withheld
11,487,773
1,028,659

Peter K. Werner

For
Withheld
11,494,035
1,022,397

Thomas B. Winmill

For
Withheld
11,434,081
1,082,351


Midas Magic, Inc.

Bruce B. Huber

For
Withheld
252,876
7,554

James E. Hunt

For
Withheld
253,808
6,622

Peter K. Werner

For
Withheld
254,040
6,390

Thomas B. Winmill

For
Withheld
254,126
6,304


Midas Perpetual Portfolio, Inc.

Bruce B. Huber

For
Withheld
7,211,882
169,820

James E. Hunt

For
Withheld
7,223,321
158,381

Peter K. Werner

For
Withheld
7,225,554
156,148

Thomas B. Winmill

For
Withheld
7,217,790
163,912



4.  
To approve a change to Midas Perpetual Portfolio’s fundamental investment restriction relating to its concentration of investments. 

For
Against
Abstain
Broker Non-Vote
6,395,464
524,518
73,508
388,212