Sale of G4S Shares

Wespath Benefits and Investments (Wespath) sold its G4S shares for reasons related to a number of that company's business activities. Our decision was specific to G4S. Our rationale for selling G4S was that we felt the inherent nature of the company’s products and services—which are tailored to the prison industry—may not align with UMC values. We are waiting to conduct additional research after our board of directors meets in July to review and discuss the broad range of our investment policies—we may have additional comments after their deliberations. (June 13, 2014)

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