7(i)/7(j) Distribution Announced for May 5, 2021 – Class B Shareholders to receive $9.71 per share
Doyon, Limited is proud to announce that the 2021 7(i)/7(j) May distribution amount is $9.71 per share. The distribution will take place on Wednesday, May 5, 2021. This distribution will be made to Class B shareholders. Doyon will also be issuing the 7(i)/7(j) distribution to village corporations in the Doyon region. Class B shareholders should contact the Doyon Records Department to update their address by tomorrow, April 20, 2021.
Sections 7(i) and 7(j) of the Alaska Native Claims Settlement Act (ANCSA) are unique revenue-sharing mechanisms to ensure that Alaska Natives across all regions benefit from resource development on ANCSA lands. The amount of the 7(i)/7(j) distributions varies depending upon the net profit subject to sharing under ANCSA from other Alaska Native regional corporations who have developed their natural resources.
Doyon Settlement Trust Distribution issued on June 15
Last November, Doyon announced two distributions for the Doyon Settlement Trust (DST). The second of these distributions is $6.71 per unit, or $671.00 per 100 shares. This DST Distribution will be issued on June 15, 2021, to all shareholders (Classes A, B, C, D, and E.)
The DST Distributions to are not taxable, but the May 7(i)/7(j) distribution to Class B shareholders remain taxable income.
Upcoming Shareholder Record Deadlines
- April 20 – Address Change Deadline (Class B shareholders)
- May 5 – 7(i)/7(j) Distribution (Class B shareholders and village corporations)
- May 18 – Direct Deposit Deadline (all shareholders)
- May 18 – Class C Application Deadline for DST Distributions
- June 1 – Address Change Deadline (all shareholders)
- June 15 – June Distribution (all shareholders)
For more information, please contact Shareholder Records at 907-459-2040, 1-888-478-4755 (toll-free), or firstname.lastname@example.org.