SST Declares February 2020 Distribution
The Huna Totem Corporation Shareholders Settlement Trust Board of Trustees met on February 4, 2020, and in accordance with the Trust’s distribution policy, declared the third and final 2019 dividend distribution amount of $812,928 to unitholders, or $9.28 per unit, with a record date of February 4, 2020. Combined with the first and second distribution of the year, the Trust provided a total distribution to unitholders of $17.17/unit for 2019 or $1,717 per 100 units.
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, February 14, 2020. 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 Katelyn Savland, Shareholder Relations Manager, at the Huna Totem Corporate office before February 7, 2020 to enroll.