Dear MTNT Shareholders:

Thank you to all the Shareholders and their families who were able to join us at the 2022 Annual Meeting in McGrath. It was exciting to meet again in person and share your Alaska Native Village corporation’s accomplishments over the last year.

As a direct result of MTNT teams hard work and focus, we were able to share that MTNT’s net profits reached its all-time high in 2021 and that Shareholders’ Equity increased nearly 47% over the past five years.

This achievement has not come without its challenges. There are labor shortages, increased cost of living and more that influence many of us today. MTNT is not immune to the effects of these uncertain times and economic conditions, nor can we anticipate all unforeseen challenges that result in project delays and staff reductions.

However, the Board of Directors and MTNT’s management team continue to strive to keep our operating costs low so we can remain competitive in today’s market, garner contracts and provide consistent dividends to MTNT Shareholders.

As a result, on June 15, 2022, a Regular Dividend distribution in the amount of $5.01 per share was distributed to each Shareholder. In addition to the Regular Dividend, every Elder (a Shareholder aged 65 or older as of June 1st) received $8.73 per share on June 15. This coming December, MTNT Shareholders will receive a Regular Dividend distribution in the amount of $5.00 per share.

MTNT’s accomplishments could not have occurred without MTNT’s dedicated and talented staff. We are a lean team, yet a strong one. Our strength is not only within each of our specialties that we each bring to the table, but our versatility and willingness to support each other and the mission of MTNT. To provide context, MTNT’s shared services company serves as the management company for MTNT’s six (6) subsidiaries and their multiple joint ventures by providing accounting, finance, human resources, information technology, compliance, security, and administration support services. Meanwhile, MTNT subsidiaries provide a broad range of services including construction management, information technology, strategic communications, specialized training and operations, facility maintenance, energy generation and distribution, and more to our customers.

As we continue to rise to challenges and grow our business operations, we also remain focused on economic opportunities in the region. One project MTNT has been collaborating with the Division of Forestry (DOF) is to determine the feasibility of building a new facility for the McGrath Fire Service Dispatch Center. The McGrath Center is instrumental in protecting and managing wildfires in the Southwest area of Alaska. Yet, it is in dire need of repairs and renovation. As a result of this collaboration, DOF was able to secure funding for an architect to create a conceptual design and cost estimate for the McGrath Center. MTNT also submitted a grant application to the Denali Commission to provide a Site Investigation and Building Design— the award status is still pending.

There is still more to accomplish in 2022 and we are moving forward with realistic optimism.

I want to thank you, our Shareholders and MTNT Board of Directors, for your continued support throughout the years and your participation at the 2022 Annual Meeting.

Sincerely,

Michele Christiansen
Chief Executive Officer