The following are commonly asked questions about the Elder'
Benefit Trust approved by shareholders in 2003.
What is the Elders' Benefit Trust?
The Elders' Benefit Trust is a trust that provides for a special
one-time $1500 payment for shareholders age 65.
Who are the beneficiaries?
Each original shareholder is a beneficiary. If you received
your Huna Totem stock when the Alaska Native land claims was
passed in Dec. 18, 1971, you are eligible to receive the cash
benefit.
Shareholders already age 65 when the Trust was established
have already received their payment.
If a shareholder dies before age 65, will the heirs
still receive the $1500?
No. Only original shareholders are beneficiaries. For example,
if you die before you reach your 65th birthday, those who
inherit your shares, such as your spouse or children, are
not eligible to receive the $1500.
Where did the money come from to make the payments?
The payments are made from set-aside funds from the Investment
Portfolio. Earnings are used to fuel the elders’ payments.
Who do I contact if I have questions or need additional
information?
Please direct your questions and inquiries to Jodi Wise in
the Shareholder Services Department. You may email her at
jwise@hunatotem.com
or by phone (800) 428-8298 or in Juneau, (907) 523-3670.
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