SST Declare November Distribution
The Huna Totem Corporation Shareholders Settlement Trust Board of Trustees met on November 5, 2019, and in accordance with the Trust’s distribution policy, declared the second 2019 dividend distribution amount of $469,536 to unitholders, or $5.36 per unit, with a record date of November 5, 2019.
The Shareholders Settlement Trust was established in 1994 to, “promote the health, education, & welfare of its beneficiaries and preserve the heritage and culture of Alaska Natives.” The key concepts communicated to shareholders before the establishment of the trust were: perpetuity, sustainability, and for our grandchildren’s grandchildren. Since its establishment twenty-five years ago, the trust has paid out over $54 million in distributions to unitholders.
Checks will be mailed, and direct deposit accounts will be credited on Friday, November 15, 2019.
Shareholders not currently benefiting from our direct deposit services are encouraged to register on the Huna Totem Corporation’s shareholder portal www.myhunatotem.com or contact Shareholder Relations at the Huna Totem Corporate office before November 8, 2019 to sign up.
**Please note the distribution occurring on November 15th is separate from the Shareholders Settlement Trust 10-year review recommended partial liquidation and change to distribution formula that Unitholders are currently voting on.**