Anchorage, Alaska – In recognition of the many contributions made by its elder shareholders, the Board of Directors of the Bering Straits Native Corporation has voted to issue a one‐time special dividend of $500 to qualifying elder shareholders. The resolution was passed last Saturday at a special BSNC Board meeting.
Eligible shareholders are those who were 65 years of age or older as of March 31, 2012, and who received 100 shares of Settlement Common Stock in BSNC as part of the original issuance under the 1971 Alaska Native Claims Settlement Act.
“This is an important step to recognize the contributions of our elders and show our appreciation for their support during difficult financial times in the past,” said BSNC Board Chairman Henry Ivanoff.
The Special Elders Dividend will be paid on or before May 15, 2012.