Ahtna Class L stock was created in 2008 for the purpose of enrolling Ahtna descendants who were born after December 18, 1971, provided they meet certain eligibility requirements. To become a Class L shareholder, applicants must be a descendant of an original Ahtna shareholder; have ¼ or more Alaska Native blood quantum; be born after Dec. 18, 1971; be a United States citizen; and must not already be a shareholder of another regional corporation, except by gift or inheritance.
To enroll for Class L stock, applicants must submit an application form, original birth certificate, and original Certificate of Indian Blood (CIB). Application forms are available at www.ahtna.com/shareholders/shareholder-services and at the Ahtna Glennallen and Anchorage offices.
Number of Shares
A total of 100 shares of Class L stock will be issued to each eligible enrollee. Initially, 30 Class L shares will be issued to every enrollee upon enrollment and 70 additional Class L shares will be issued upon reaching 18 years of age and receiving a high school diploma, GED or equivalent, or reaching 21 years of age without a high school diploma, GED or equivalent, for a total of 100 shares.
Note: If you are a Class L shareholder, are of age and have received your high school diploma, GED or equivalent, please submit a copy of your diploma or other proof of graduation/completion to Shareholder Services so they can issue your remaining Class L shares. Class L stock is managed separately from Graduate Gift requests and requires its own submission of proof of graduation for shares to be issued.
Dividends & Distributions
As part of our commitment to providing for the economic well-being of our shareholders, Ahtna has distributed an annual shareholder dividend since 2009. Class L shareholders receive Ahtna dividend distributions on the same basis as other classes of Ahtna shares, except that Class L shares are not entitled to share in distributions of natural resource revenues under ANCSA §7(j).
One of the main responsibilities of being an Ahtna shareholder is to vote in Ahtna elections and on other matters presented to the shareholders for a vote. Shareholders who own voting shares are responsible for ensuring the long-term strength of Ahtna by electing the Board of Directors. Class L shares are voting shares. If you are under 18 years of age, your 30 shares of Class L stock may only be voted by your custodian until you reach the age of 18.
Inheritance, Gifting and Transfer Rights
Class L stock is “life estate” stock, which means that it is issued only to you for your lifetime. Upon your death, the stock is cancelled without compensation to your heirs. Class L stock and the right to receive dividends and distributions may not be sold, pledged, or assigned in present or future, even if transfer restrictions end for other Ahtna stock. Class L stock may also not be transferred by gift.
Benefits of Class L Stock Ownership
Besides sharing in dividend distributions, Class L shareholder are eligible to receive benefits such as:
- Ahtna Shareholder Hire Preference
- Memorial Fund
- Graduate Gifts
- Elders Benefit Program
- Youth Recognition
- Shareholder Enrichment programs such as:
- Walter Charley Memorial Scholarship
- Vocational Scholarship
- Professional Development Programs
- Career Assistance Program
- Ahtna Special Forces
To learn more about these benefits, please visit: