Who we are
Koniag, Inc. (the Company) is a regional corporation formed pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA). The Company is owned by 3,879 Alaska Native Shareholders. Approximately 60% of the Shareholders live within the state of Alaska.
ANCSA settled the aboriginal land claims of the Alaska Native people by providing for conveyance of money, land and other natural resources to regional corporations and village corporations within each region. The Company’s original share of this entitlement was $24 million and approximately 800 acres of surface estate and approximately 900,000 acres of subsurface estate.
As of March 31, 2012, the Company has interim conveyance or patent to approximately 105,000 acres of surface estate and approximately 900,000 acres of subsurface estate. The additional surface estate received is a result of a merger with two village corporations and the subsurface is entitled under ANCSA.
The Company continues to pursue a business strategy that reduces risk through diversification while focusing on improved profitability and growth by investing in and developing greater expertise in core businesses and industries. This strategy has driven and continues to drive investment and divestiture decisions of the Company.
The Koniag Board of Directors announced at the 2014 Annual Meeting that there will be a dividend distribution of $3.00 per share to Shareholders in January 2015.
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Please watch for another announcement with further details.more
Koniag’s 2014 Annual Meeting was held on Saturday, October 4, 2014 at the Dena’ina Civic and Convention Center in Anchorage, Alaska. At the meeting, the shareholders elected three (3) Directors, each to serve a term of three (3) years. The following individuals were elected to a three (3) year term:
Richard D. Frost
M. Brent [...]more