Early Distribution Announcement
Doyon announces early distribution from the Doyon Settlement Trust: Distribution scheduled for June 3
Today the Doyon Settlement Trustees (DST) approved an early distribution to DST beneficiaries to provide relief to families impacted by COVID-19 and to assist during the related economic crisis. The DST will issue a non-taxable trust distribution in the amount of $5.44 per unit, or $544.00 per 100 units to Doyon shareholders, who are beneficiaries of the DST on June 3, 2020. This is an early issue of the distribution originally scheduled for July 9, 2020.
Aaron Schutt, Doyon, Limited president and CEO, remarks on the announcement, “our board recognizes that our shareholders have been negatively impacted by the economic crisis related to the COVID-19 pandemic, and that an early distribution is one meaningful way to respond.” This distribution, together with the December 5, 2019 distribution provides a total distribution of $10.88 per share based on FY2019 performance.
Due to the expedited nature of the distribution, Doyon urges shareholders to update records as needed by May 12, 2020 such as direct deposit, Class C application and address changes by emailing records@doyon.com or by calling Doyon, Limited at 907-459-2040.