November 5, 2019
Anchorage, Alaska – On November 5, 2019, in accordance with the Earnings Distribution Policy, the Trustees of Ahtna Hwt’aene (People’s) Trust formally declared a record-high shareholder distribution for 2019 of $15.08 per share. The distribution will be made to all shareholders of record as of November 4, 2019. The distribution amount per share has more than tripled in just two years and is the highest dividend/distribution per share in the history of Ahtna.
In addition, a distribution of $1,000 per eligible Elder as of November 4, 2019 was declared. Since 2009, an Elder distribution to original shareholders age 62 and older has been provided.
Since inception, Ahtna has paid out over $24 million to shareholders in the form of regular and Elder distributions.
“We have seen a 50 percent growth in revenues over the past three years thanks to our hard-working employees and the dedicated service of our board of directors. This growth has allowed us to not only increase our dividend distributions, but also our investment in vital shareholder services and programs,” said Ahtna, Inc. president Michelle Anderson.
Both distributions are scheduled to be mailed December 6th or deposited November 21st for those signed up for direct deposit. For 2019, shareholder and Elder distributions are non-taxable.
About the Ahtna Hwt-aene (People’s) Settlement Trust
In 2013, the Ahtna Hwt-aene (People’s) Settlement Trust was established to provide a means for Ahtna to pay stable, non-taxable dividends to shareholders in perpetuity. Ahtna made its first contribution to the Trust in 2015 by transferring $3.4 million from Ahtna’s investment portfolio. The Board of Directors Earnings and Distribution Policy sets guidelines for distributing earnings with ten percent in contributions each year going to the Trust.
The official Media Release can be viewed here: 2019 Ahtna Shareholder and Elder Dividend