The Board of Directors and the Trustees of Ahtna Hwt’aene (People’s) Trust (Board) have declared a regular shareholder distribution of $6 per share, and a special dividend distribution of $9 per share, for a total of $15 per share. A special dividend has been declared to help offset the effects of rising prices on essentials such as fuel and heating oil. The regular and special distributions will be made to all shareholders of record as of October 24, 2022, and will be non-taxable.
In addition, a second distribution of $1,250 per eligible Elder as of October 24, 2022, was declared. Since 2009, an Elder distribution has been provided to original Ahtna shareholders that are age 62 and older.
Distributions are scheduled to be direct deposited on November 16th. Checks will be mailed November 30th and received a few days later per regular mail delivery.
About the Ahtna Hwt’aene (People’s) Settlement Trust
In early 2015, 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.