Doyon Limited Records & Stocks

Unlike a typical corporation, Doyon’s stocks belong to its shareholders and can’t be bought or sold. Which means that, as a shareholder, you’ve got a stake in Doyon. By keeping your records up to date you’ll get timely dividend payments, mailings, the chance to vote in the Annual Meeting, and more.

Help our shareholder services department fulfill our mission to keep you informed by ensuring we have your current address and phone number. If you’re not sure, or haven’t been receiving mailings from us, please contact our shareholder records department:

Doyon, Limited
1 Doyon Place, Suite 300
Fairbanks, Alaska 99701
(907) 459-2040
(888) 478-4755 ext. 2040 (toll-free)
Email: records@doyon.com

Doyon Settlement Trust and Dividends

As an Alaska Native Regional Corporation, Doyon shares our profits with our shareholders. On this page you’ll find useful information about the Doyon Settlement Trust and dividends.

Enrollment

Are you the child of a Doyon shareholder but haven’t enrolled yet? Find out if you are eligible to become a Class C shareholder.

Forms & Applications

Stock Classes

Doyon shareholders can own up to five different classes of stock. On this page, learn more.

Stock Wills

There are a number of ways for Doyon shareholders to pass on their shares to their descendants. This page will give you more information.

Bad Address List

These shareholders have a bad address on file with Doyon. They will not receive dividends, tax information, voting, or any other information.

Frequently Asked Questions

The Doyon stock brochure is full of helpful information about Doyon, the Alaska Native Claims Settlement Act (ANCSA) and resources for better understanding your rights, restrictions and responsibilities when it comes to Doyon stock.

Find answers to some commonly asked questions about Doyon stocks.

What is gifting stock?

The Alaska Native Claims Settlement Act Amendments of 1987, allows shareholders who own class A, B, or D shares to transfer shares, as an inter vivos gift to certain family members.

Only a shareholder can elect to gift their shares. This voluntary gift transfer takes place during a shareholder’s lifetime.

By Federal law, the recipient of Doyon shares transferred by an inter vivos gift must also be a Native or a descendant of a Native who is related to the donor (the shareholder giving the gift of stock) by blood or adoption, and not simply by marriage.

What this means

You CAN Gift To: Child, Grandchild, Great Grandchild, Niece or Nephew, Sister or Brother

You CANNOT Gift to: Friends, Spouse, Parents, Grandparents, Aunts or Uncles

For more information, please contact Doyon’s shareholder records department at 1-888-478-4755 ext. 2040.

When is the next shareholder dividend, and how much will it be?

Distributions are made in December of each year. The amount of the distribution will be based on the average net profits for the preceding five years.

Does Doyon have direct deposit for shareholder dividends?

Yes. Forms are available online or by coming into the shareholder records department office. If you sign up for direct deposit before the Nov. 11 deadline, your dividend will go straight into your bank account when funds are distributed.

Can I sell my stock?

No, Doyon stock cannot be sold, transferred or traded. These restrictions on Native corporation stock were established with the Alaska Native Claims Settlement Act (ANCSA) until 1991. Unless shareholders of the corporation voted to lift the restrictions, they would then automatically remain in effect. In 1989, 75 percent of the shareholders who responded to a survey said they wanted to continue the restrictions.

How long does it take for a deceased shareholder's stock to be reissued to next of kin?

If there are no problems with the estate, it takes approximately 120 days to determine a deceased shareholder’s heirs. Doyon typically takes approximately six months if any of the potential heirs object to the distribution of shares. All dividends are held until the stock is distributed to the proper heirs.

Are dividends taxable?

They are now. ANCSA allowed Native corporations to pay non-taxable distributions equal to the amount received in their original cash settlement. For Doyon, that amount is approximately $54 million. From 1989 to 1999, Doyon paid more than $54 million in non-taxable distributions to shareholders, making all future distributions taxable. Today, dividends that shareholders receive are taxable.

Records & Stocks