August 2019 Shareholders Settlement Trust Distribution $2.53/unit

The Huna Totem Corporation Shareholders Settlement Trust Board of Trustees met on August 6, 2019, and in accordance with the Trust’s distribution policy, declared the first 2019 dividend distribution amount of $221,628 to unitholders, or $2.53 per unit, with a record date of August 6, 2019. Please note this is a regular Shareholders Settlement Trust distribution from annual earnings and is separate from any outcome of the upcoming 10-year review of the Trust.

The Shareholders Settlement Trust was established in 1994 to, “promote the health, education, & welfare of its beneficiaries and preserve the heritage and culture of Alaska Natives.” The key concepts communicated to shareholders before the establishment of the trust were: perpetuity, sustainability, and for our grandchildren’s grandchildren. Since its establishment twenty-five years ago, the trust has paid out over $54 million in distributions to unitholders.

As we move forward this fall to the 10-year review of the trust, the Board of Trustees will evaluate the performance, gather input from unitholders, and put forward proposed changes to the unitholders. “During this review period, the Board will explore new ways to ensure sustainable, dependable distributions to unitholders while also allowing for trust growth. We are also looking forward to sharing progress and discussing ballot options with our unitholder base,” says President and CEO, Russell Dick.

Checks will be mailed and direct deposit accounts will be credited on Thursday, August 15, 2019.Shareholders not currently benefiting from our direct deposit services are encouraged to register on the Huna Totem Corporation’s shareholder portal or contact Shareholder Relations at the Huna Totem Corporate office before August 8, 2019 to sign up.