Welcome MTNT, Ltd. Shareholders!
This section of the MTNT website is dedicated to you. You will find information about Shareholder benefits, scholarship opportunities, dividend announcements, forms and other information pertaining to you as an MTNT Shareholder.
(NEW) MTNT, LTD. BOARD OF DIRECTORS NOTICE OF 2017 ANNUAL MEETING AND ELECTIONS
Saturday, June 17, 2017
The MTNT Board of Directors invites you to attend the 2017 Annual Shareholders Meeting, which will be held at the McGrath Native Village Council Community Center, Ernest R. Holmberg Building on Saturday, June 17, 2017.
Registration will open at 9:00 a.m. and the meeting will start at 10:00 a.m.
The three seats available on the MTNT Board of Directors in this election are:
Two (2) At-Large Seats
One (1) McGrath Mandatory Seat
Shareholders who are at least 18 years of age and wish to run for one of the three seats on the Board should download and fill out the Candidate and Director Application:
To run for the MTNT Board of Directors, a completed application must be received at one of our offices by 5:00 p.m. on Friday, April 14, 2017.
MTNT ANNOUNCES DECEMBER DIVIDEND FOR SHAREHOLDERS
The MTNT Board of Directors is pleased to announce a dividend distribution to its Shareholders. A dividend of $7.34 per share will be distributed to each Shareholder on December 15, 2016. A Shareholder with 100 shares will receive $734.
These distributions are a results of profits from operations and the Shareholder Permanent Fund. The MTNT staff worked hard to make the operations profitable. Because of our employees’ hard work and the Board’s governance, $6.17 per share is being distributed from those profits. Also, the Shareholder Permanent Fund performed well which added $1.17 per share to the distributions. Please make sure any change in addresses are received by the MTNT Anchorage office no later than December 2, 2016.
2016 MTNT, LTD. ANNUAL MEETING BOARD OF DIRECTORS ELECTION RESULTS
We are pleased to announce the results of the 2016 MTNT, Ltd. board of director’s election.
Following the election, the board met and appointed the below members as officers.
Chairman of the Board
President of the Board
Secretary/Treasurer of the Board
Please join us in thanking all of the candidates for their participation in this year’s election and in extending congratulations to our newly elected board members, as well as a special thanks to outgoing board members Peter Snow and Theresa Fox.
Finally, the board would like to extend a sincere thanks to the MTNT, Ltd. shareholders for their dedication and contribution to this important process, and the staff that helped make the 2016 annual meeting a success.
MTNT ANNOUNCES DIVIDENDS FOR SHAREHOLDERS AND FOR ELDERS
The MTNT Board of Directors is pleased to announce a dividend distribution to its Shareholders. On June 15, 2016, $3.15 per share will be distributed to each Shareholder. A Shareholder with 100 shares will receive $315. A special distribution to its Elders was also announced. Every Shareholder, age 65 or older on June 15, will also receive an additional $6.59 per share on the same date; an Elder with 100 shares will receive $659.
These distributions come from the 7j distributions MTNT received from Doyon Limited. What is a 7j distribution? The Alaska Native Claims Settlement Act (“ANCSA”) Section 7(i), 43 U.S.C. §1606(i), provides for the sharing among regional corporations of revenue derived from timber or subsurface resources on ANCSA lands. This agreement was structured to require a resource producing region to share 70% of its Net Section 7(i) revenue, which is roughly its gross receipts related to the 7(i) resource less certain allowable costs (which is a rough measure of profit realized by the Region from the resource). In turn, each regional corporation is required under Section 7(j) to share fifty (50) percent with the village corporations.
At a recent meeting of the MTNT Board, they took action to distribute the 7(j) revenue minus an estimated 40% tax on the revenue. The distributions after taxes are 50% to all Shareholders and 25% to our Elders. The remaining 25% will be invested in the Shareholder Permanent Fund.
More Shareholder Related Information
- MTNT Foundation & Scholarship Program
- MTNT Lands Program
- Shareholder Dividends & Distribution
- Shareholder Life Insurance
- MTNT Potlatch Fund
- Shareholder Forms
- Resources & Links