Anchorage, Alaska – The Trustees of the Ahtna Hwt’aene (People’s) Trust have declared a shareholder distribution of $5.60 per share. The distribution will be made to all shareholders of record as of April 5, 2023 and will be non-taxable.
In addition, a distribution of $1,500 per eligible Elder as of April 5, 2023 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 April 21st. On average, direct deposits usually take one to three business days to clear. Checks will be mailed May 5th 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.