Today (Nov. 20th, 2021), the Doyon Settlement Trustees approved the Doyon Settlement Trust (DST) distribution amount of $14.25 per unit, or $1,425 per 100 units based on FY21 performance. This distribution is scheduled to be paid out on Tuesday, December 7, 2021 to all shareholders (Class A, B, C, D, and E.)
This non-taxable distribution will be a one-time payment, unlike the past two years. Shareholders should not expect a second distribution in July.
“We heard from our shareholders that a one-time distribution in December was preferred, rather than two,” said Aaron M. Schutt, President and CEO. “We are very proud to be in the financial position to pay a distribution for the 35th year.”
Doyon urges shareholders to update records as needed by Monday, November 22, 2021. Contact the Records Department at 907-459-2040, 1-888-478-4755 (toll-free), or [email protected].
Headquartered in Fairbanks, Doyon, Limited has more than 20,400 shareholders and was established under the 1971 Alaska Native Claims Settlement Act. Doyon has subsidiaries in oilfield services, government contracting, and tourism, is also the largest private landowner in Alaska and one of the largest in North America. Its mission is to continually enhance its position as a financially strong Native corporation in order to promote the economic and social well-being of its shareholders and future shareholders, to strengthen its Native way of life, and to protect and enhance its land and resources. For more information, visit www.doyon.com.
Doyon shareholders adopted the Doyon Settlement Trust (DST) on November 16, 2018 in a special meeting of shareholders. These trusts are organized under ANCSA to promote the health, education and welfare of beneficiaries, to preserve the heritage and culture of Alaska Natives, and to make distributions to DST beneficiaries.