FOR IMMEDIATE RELEASE
Anchorage, Alaska – On November 6, 2018, in accordance with the Earnings Distribution Policy, the Trustees of Ahtna Hwt-anene (People’s) Trust formally declared a record-high shareholder distribution for 2018 of $10.27, or $1,027 per 100 shares. The distribution will be made to all shareholders of record as of November 5, 2018. The 2018 distribution is more than double that of Ahtna’s 2017 dividend 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 5, 2018 was declared. Since 2009, an Elder distribution to original shareholders age 62 and older has been provided.
The combined total of both distributions represents a record distribution for Ahtna and is an increase from the prior record of 90 percent.
Both distributions are scheduled to be mailed November 30th or deposited November 20th for those signed up for direct deposit. For 2018, shareholder and elder distributions are NOT taxable.