Koniag, Inc. is one of 13 regional Native corporations established by Congress in 1971 under the terms of the Alaska Native Claims Settlement Act (ANCSA). ANCSA settled the aboriginal land claims of Alaska Native people by conveying land and seed capital to Native for-profit corporations representing various geographic regions of the state.
Koniag’s original share of the ANCSA settlement was $23 million, 800 acres of land and the “subsurface estate” of approximately 900,000 acres. Koniag was incorporated on June 23, 1972, to manage the land and financial assets on behalf of the corporation’s approximately 3,800 Alutiiq shareholders who originated from the Kodiak Archipelago. The corporation’s headquarter office is located in Kodiak, Alaska with an office in Anchorage, Alaska.
Koniag’s approach to business has evolved to meet new challenges, expanding opportunities and the needs of its shareholders. The corporation’s investments range from real estate holdings, resource development and business operations that include oversight of over a dozen subsidiaries.
The Koniag Board of Directors is dedicated to preserving the culture and land for future generations by keeping our businesses profitable to provide benefits such as dividends, education/employment opportunities, and a source for culture information to current and future shareholders.
Koniag is now preparing for the June 2015 7(j) distribution. The deadline to update your address and direct deposit information has passed.
My Koniag will not be available for address and direct deposit changes between June 22, 2015 and June 30, 2015. Shareholders and Descendants will be able to view their record but will not [...]more
June 2015 7(j) Distribution: June 18, 2015 is the deadline to make changes to mailing addresses and direct deposit informationDividend Distribution to Class B Shareholders of $15.47 per share. Class A and Class C Shareholders do not receive this distribution since by statute as these funds are paid to their respective village corporations. Distribution [...]more