Settlement Trust Annual Distributions
Aleut Shareholders / Benefits
Settlement Trust Annual Distributions
Aleut strives to provide meaningful dividends to shareholders. Since the first dividend was paid in 1981, Aleut has paid out over $79M in economic performance dividends. Through strategic investments and sound business practices, Aleut is committed to maximizing dividends while also ensuring the short and long-term stability of the Corporation.
The Settlement Trust Annual Distribution, previously known as the Annual Dividend, is paid out to Class A and B shareholders through the Aleut Settlement Trust. This updated name reflects the current distribution process. Qaĝaasakung to our shareholders who made the Trust possible.
Because distributions are paid through the Aleut Settlement Trust, both the Settlement Trust Annual Distribution and Elders’ Distribution are tax-free to shareholders and no long require a Form 1099-DIV.
Types of Distributions
Three types of payments are available to shareholders and are distributed on an approved schedule each year. These include:
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Settlement Trust Annual Distributions Formerly Shareholder Dividends (Payable to Class A and Class B Shareholders) are approved by the Board of Directors. The amount of the distribution is determined based on the financial performance of the Corporation subject to change. Typically, Shareholder Dividends are paid out in the first week of July.
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Elder Benefits are paid out to original shareholders with voting status who are age 60 as of March 31st of each year. The Board of Directors determines the amount of the annual Elder Benefit. Payment is made to eligible elders the first week of October. Address changes, direct deposit additions, and direct deposit changes must be received two weeks prior to distribution dates. Shareholders can view their dividend amount and distribution history through the Aleut Shareholder Portal. Aleut encourages all shareholders to sign-up for direct deposit if possible, as it is the most efficient and reliable way to receive payments.
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7(j) Distributions (Payable to Aleut Region Village Corporations and Class B shareholders) are not dividends and are not declared by the Board of Directors. These distributions are resource revenue payments for shareholders who own village-class shares. These are mailed directly to village corporations, as required by the Alaska Native Claims Settlement Act (ANCSA). Resource revenue payments are made in accordance with Section 7(j) of ANCSA, which directs the sharing of resource revenues among the twelve regional corporations within the State of Alaska. Distributions are made in the first week of May.
Frequently Asked Questions
At enrollment, each shareholder received either 100 Class A shares or 100 Class B (At-Large) shares. Those who received 100 Class A shares also received 100 shares in one of the 13 village corporations in the Aleut Region. Those who received 100 Class B shares originally, did not become holders of stock in a village corporation.
The “Stop Payment” form must be completed. After 30 days, a new check will be reissued. It is the shareholder’s responsibility to keep direct deposit and contact information current at all times.
No, Aleut cannot advance dividends or provide loans to shareholders.
Yes. All Alaska Native Corporations must withhold your dividend when notified by the IRS and must also honor child support court orders.
No. Dividend checks cannot be issued to or mailed to another person or entity. This is a security issue and staff must adhere to this policy with no exceptions.