Koniag Update on the Coronavirus

Dear fellow Shareholders,

As concern over coronavirus or COVID-19 grows across the US, we know that how we respond as a business has an impact on the health and safety of those most important to us – our Shareholders, employees, and customers. 

Koniag is very fortunate; most of our work is technical and professional services for essential business and government functions, which means we anticipate that the coronavirus may have a minimal impact on our business operations. However, in the modern era the world has not faced a situation like this, and it can be unsettling to have our everyday activities disrupted. We are confident, though, that by being proactive and implementing the CDC recommendations to prevent the spread of disease, we will weather this storm with the resiliency that has characterized the Alutiiq people for thousands of years. 

Remember, you’re an important part of our culture of health and resilience:

  • Wash hands frequently for at least 20 seconds
  • Avoid touching face, mouth, nose and eyes
  • Routinely clean frequently touched objects (keyboard, phone, door knobs)
  • Keep at least six feet from ill people who are coughing or sneezing

 For more information on how to keep yourself and your family healthy, please visit https://www.cdc.gov/coronavirus/2019-ncov/

While there are no active cases in Alaska, we are watching the situation closely. As we monitor the situation, it may become necessary to temporarily close our Anchorage or Kodiak offices and ask nonessential staff to work from home.

Please rest assured that, should we have to temporarily close our offices, we will continue to be responsive to Shareholder needs. Our main phone lines will be monitored and Shareholders who need to meet with one of our staff may schedule meetings in advance. Most Shareholder forms can be downloaded online from the Koniag website or MyKoniag Shareholder Portal and submitted via email to shareholderinfo@koniag.com. While temporarily closing our offices may be a burden, we recognize that “sapurluni” or being weathered-in isn’t anything new to us and we will be sure to keep you informed if we take this step. 

We appreciate your patience as we navigate these unknown waters and do all that we can to protect our Koniag family by limiting their exposure and the spread of the coronavirus.

Quyanna,

Shauna Hegna, President

2019 1099-Misc and 1099-Div Information

Class A, B, and C Shareholders will not receive a 1099 for the non-taxable January 2019 dividend, or for the Elders Benefit.

Class B Shareholders will receive a 1099-MISC form for the June distribution only.

If you won an prize such as the early bird, or Stock Will Extravaganza, a separate1099-MISC form will be mailed to you. You may also receive a 1099-DIV if you received a distribution from an estate with taxable income.