(If viewing on a mobile device, click the 'FAQ Navigation' button above to expand the menu.)

INITIATIVE SUMMARY: This initiative was first started from Shareholder inquiries and Shareholder interest. The Board of Directors has conducted due diligence research into various possibilities. Ultimately, Shareholders will decide whether Huna Totem moves forward with enrollment of lineal descendants by casting their votes. The 2025 election cycle culminates with the 51st Annual Meeting of Shareholders on June 21.

Huna Totem’s November 2024 Shareholder Survey showed that 68% of Huna Totem Shareholders who participated are supportive of descendant enrollment. The Huna Totem Board of Directors takes this feedback seriously and, at a special board meeting in February, voted unanimously to bring enrollment of lineal descendants to a shareholder vote in the upcoming election cycle, ending with the Annual Meeting of Shareholders on June 21, 2025.

Huna Totem values our Shareholders, both as the core of our Corporation and as the informed, empowered individuals who will make a collective decision regarding this initiative.

Please share this information with your fellow Huna Totem Shareholders and learn more about descendant enrollment by connecting with Huna Totem’s Shareholder Relations team, visiting our website, and feeling welcome to ask questions!