BSNC Board of Directors Issues One-Time Elder Dividend
Nome, ALASKA—Acknowledging the importance of the region’s elders, the Board of Directors of the Bering Straits Native Corporation has voted to issue a one-time special dividend of $500 to all qualifying elders. The resolution was passed last Saturday at the BSNC board meeting in Nome.
Eligible shareholders are those who are 65 years of age or older who were issued 100 shares of Settlement Common Stock in Bering Straits Native Corporation as part of the original issuance of such shares by the Alaska Native Claims Settlement Act, which was signed into law in 1971.
“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 Distribution will be paid on or before May 15, 2012.