BSNC Announces Special Emergency Elder Dividend Distribution
The Bering Straits Native Corporation (BSNC) Board of Directors has voted to declare a special Elder dividend distribution of $250. This special distribution will be paid through the BSNC Beringia Settlement Trust on a tax-free basis to original BSNC shareholders who are 65 years of age or older on March 20, 2020, the date of record. Checks will be mailed or deposited the week of March 23.
“This action was taken out of care and concern for our Elder shareholders as they prepare for the COVID-19 pandemic,” said BSNC Board Chairman Henry Ivanoff. “We hope this dividend helps Elders during these trying times.”
BSNC Announces Emergency Dividend Distribution
The Bering Straits Native Corporation (BSNC) Board of Directors has voted to declare a special dividend of $3.00 per share to be distributed the week of March 23. The average BSNC shareholder who owns 100 shares of stock will receive $300. This dividend distribution will be paid through the BSNC Beringia Settlement Trust so that it will be tax-free to our shareholders.
“The BSNC Board recognizes that the coronavirus epidemic has caused an unprecedented public health crisis,” said BSNC Chairman Henry Ivanoff. “I encourage all shareholders to prepare for possibly long-term disruption in travel and the food supply, and practice social distancing by staying at home as much as possible.”
“In providing for a special dividend distribution, we want to do what we can to help our shareholders deal with the COVID-19 pandemic,” said BSNC President & CEO Gail R. Schubert. “We have adapted to many changes, are resilient and look out for each other. This is an important traditional cultural value. I pray that you and your loved ones remain safe and healthy during this pandemic.”
BSNC will continue to closely monitor guidance from the CDC and state health agencies regarding this pandemic and continuously update its shareholders through its regular communication channels, including the Agluktuk newsletter, our social media outlets and on BSNC’s COVID-19 public resource webpage at www.beringstraits.com/covid-19-update/. We are happy to help answer any questions you may have via email at health@bsnc.net.