All Afognak Shareholders are automatically beneficiaries of the ANC Shareholder Settlement Trust (SST). Voting Shareholders/Trust Beneficiaries qualify are eligible to receive dividends and distributions declared by the SST Board. 

The ANC Shareholder Settlement Trust (SST) Trustees will decide the amount to distribute to Beneficiaries twice a year (in the first and third quarter). In the Trustees’ review process, they will assess financial performance and set the distribution amount, taking into account annual contributions from Afognak Native Corporation and investment performance over the past five years.

In 2006, the ANC Shareholder Settlement Trust was created. Our current goal is “to increase the value of the SST to $200M and become financially independent of government and commercial business operations, while ensuring a minimum annual tax-free $200/trust unit distribution…for generations to come.” The SST is an irrevocable trust, meaning that the monies cannot be reverted back to the Corporation’s operating budget, and can only benefit the Beneficiaries directly and provide tax advantages.