Media Contact: Shelly Wozniak
Corporate Communications Manager
NANA Regional Corporation, Inc.
NANA Elders' Settlement Trust Announces 2012 Distribution
Anchorage, Alaska – Jan. 18, 2012 – The Trustees of the NANA Elders’ Settlement Trust voted to issue a $2,000 per Elder distribution in 2012. The Trust was established by NANA in 2008 to provide a modest, yet needed, special distribution to NANA shareholders who are 65 years of age or older. This distribution was the result of a contribution from NANA Regional Corporation, Inc. (NANA) which was approved by its board of directors on January 12, 2012.
“Caring for our Elders is part of our values,” said Donald G. Sheldon, NANA board chairman. “The NANA Elders’ Settlement Trust is just one way we work to honor those who have helped NANA become what it is today.”
The NANA Elders’ Settlement Trust distribution will be paid on Feb. 3, 2012. Those Elders who have elected to receive their NANA dividend via direct deposit will receive their trust distribution by direct deposit on February 3. It should arrive within a week to ten days for those Elders who receive the distribution by mail.
The February 2011 distribution is not taxable, and the tax form (Form 1099) that you will receive soon will reflect that. The February 2012 distribution will likely not be taxable either, but NANA won’t be able to determine that until January 2013.
NANA Regional Corporation, Inc. (NANA) is one of the 13 Regional Alaska Native corporations (ANCs) created pursuant to the Alaska Native Claims Settlement Act (ANCSA). NANA’s mission is to provide economic opportunities for its more than 12,900 Inupiat shareholders and to protect and enhance NANA lands. Join the hunt at www.nana.com/regional.