On August 28, 2019, Gilead Capital LP responded, to the release of Monotype Imaging Holdings Inc.'s proxy statement dated August 26, 2019, regarding the proposed sale of the Company to the private equity firm HGGC for $19.85 per share, that Gilead Capital believes that rather than explaining why the proposed sale offers tremendous value, the proxy statement instead validates our concerns, about the Board's dereliction of its fiduciary duties and further undermines the Board's credibility.