Trust Distribution FAQs
We are receiving a significant increase in phone calls, emails, and social media inquiries regarding the recent Shareholders Settlement Trust distribution. In response, we are providing Shareholders with this helpful information:
Class D stock, or "Descendant Shares," are issued to eligible direct lineal descendants of Huna Totem’s original Shareholders. Class D shares are not associated with units in the Huna Totem Shareholders Settlement Trust (SST) and are therefore not eligible for SST distributions, which are paid in 3 equal installments each year.
The SST was established in 1990, and per federal and state law, only Shareholders with trust units associated with Class A or Class B stock are eligible to receive distributions from this trust:
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Class A: Original Huna Totem Shareholders enrolled under ANCSA.
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Class B: Non-voting shares received by eligible non-Native individuals or nonprofit organizations through inheritance in accordance with Alaska State law.
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Class D: Life Estate Shares issued to enrolled direct descendants of original Shareholders.
Shareholders who own only Class D stock may receive Huna Totem’s annual Spring Corporate Dividend if one is declared by the Board based on the company’s financial performance and dividend policy.
At the June 20 Annual Meeting, Shareholders approved the creation of the Xunaa Káawu Settlement Trust, which will include enrolled Descendant Shareholders. The trust is still being developed, so benefits—including potential future distributions—will not be available immediately.
Shareholders may log on to: MyHunaTotem - Publications to learn more.
