Settlement Trust Distribution
Shareholders of Huna Totem established the Shareholders Settlement Trust at a special meeting of shareholders September 23, 1994. Shareholders of Huna Totem became unit holders of the Trust (the number of Trust units equals the number of Huna Totem corporate shares).
The purpose of the trust was to set aside funds to fuel future cash distributions to shareholders. To date, the Trust has paid more than $37 million in distributions. A typical unit holder owning 100 units has received about $42,700 since 1994. This distribution figure does not include corporate dividends paid by Huna Totem.
The current distribution policy calls for 60 percent of the net income to be distributed annually to unit holders three times a year – on/before August 15, on/before November 15, and on/before February 15 following the annual financial audit.
The majority of Trust assets are invested in stocks and bonds, and a smaller percentage is invested in real estate and a hedge fund.
BACK TO TOP