(Anchorage, Alaska) – The Bering Straits Native Corporation (BSNC) Board of Directors has voted to declare a 2020 special Elder dividend distribution of $1,500. This special distribution will be paid through the BSNC Beringia Settlement Trust in on a tax-free basis to original BSNC shareholders who are 65 years of age or older on Nov. 2, 2020, the date of record. Checks will be mailed or direct deposited via the MyBSNC shareholder portal in November. Shareholders who have not signed up for direct deposit are encouraged to do so through the MyBSNC shareholder portal which can be found at https://shareholder.bsnc.net/home. Since inception, BSNC has distributed a total of $7.25 million in Elder dividends.
“The BSNC Board and Management are very thankful for the continued support from our Elder shareholders,” said BSNC Board Chairman Henry Ivanoff. “BSNC honors the knowledge of our Elder shareholders.”