FOR IMMEDIATE RELEASE
Anchorage, Alaska – To assist shareholders who are experiencing economic hardships as a result of the COVID-19 pandemic, the Trustees of Ahtna Hwt’aene (People’s) Trust have declared a second 2020 special shareholder distribution of $10.00 per share. This is in addition to a special dividend of $10 per share that was distributed in April. The distribution will be made to all shareholders of record as of July 31, 2020 and will be non-taxable.
Distributions are scheduled to be direct deposited on August 14th. Checks will be mailed the same day and received a few days later per regular mail delivery.
“We know the COVID-19 pandemic has caused enormous stress and for some of our shareholders, unemployment. The Board wants our shareholders to know that we care about them and they are in our prayers. It is important during these uncertain times to be reminded of the strength in the values that guide us. The Ahtna saying ‘Nts’e tkonii da ‘uzolyuun — be prepared for what might happen’ teaches us that proper planning and preparation makes all the difference in our survival. In historical times, our people knew if they were going to survive, they had to stock caches along hunting and trapping trails. They thought ahead and had lifesaving solutions for many different scenarios. We trust that this distribution will help our shareholders to prepare and survive these difficult times,” said Ahtna, Inc. Chairman Ken Johns.
Class L, Direct Deposit and Address Update Deadlines:
- Class L applications deadline: Friday, July 17, 2020
- Direct deposit changes deadline: Friday, July 24, 2020
- Address updates deadline: Sunday, August 9, 2020
Shareholders can update their contact information using the shareholder portal (MyAhtna.com) or by emailing Shareholder Services at shservices@ahtna.net.
Shareholders are strongly encouraged to sign up for direct deposit, the fastest and more reliable method to receive dividends. By choosing direct deposit, you will receive your funds faster than by mailed check. Risk of lost or stolen check is also eliminated. Signing up is easy and convenient. Please complete the direct deposit form with routing number and full account number: www.ahtna.com/directdeposit.*
*Shareholder Services staff cannot fill out the direct deposit form for shareholders and it is the shareholder’s responsibility to let Shareholder Services know if their banking information has changed. Once a shareholder reaches the age of majority, the custodian’s banking information (if applicable) is removed from the shareholder’s record. The direct deposit form is available online, or can be requested by emailing shservices@ahtna.net.