Soon thereafter a lawsuit was filed challenging the eligibility of Alaska Native corporations (ANC), like BSNC, to receive CARES Act funds.
In June 2021, the Supreme Court of the United States returned a favorable decision holding that ANCs are Indian tribes and eligible for funding under Title V of the CARES Act.
See the Supreme Court’s decision https://www.supremecourt.gov/opinions/20pdf/20-543_3e04.pdf
As of today, BSNC and other Alaska Native regional and village corporations have not received CARES Act funds.
The amount of funding that BSNC will receive under the CARES Act is not known at this time. What is known is that the CARES Act funding has very specific parameters for expenditures.
From the guidance received from the U.S. Treasury, it appears that dividends/distributions to shareholders are not allowed.