Koniag Commits $50,000 to Support Kodiak Island COVID-19 Efforts

Announces any Tribal Relief Funding awarded to Koniag will support Shareholders and communities

Kodiak, Alaska – Koniag is committing $50,000 to support in-region needs, particularly food security, related to COVID-19. This follows region-wide meetings with tribes, village corporations, and non-profits in the Kodiak region to seek guidance on the greatest needs.

Earlier this spring, Koniag sent care packages to Elders and school-age youth in its villages and is facilitating regular region-wide COVID-19 response meetings with tribal and community leaders. It is also issuing its 7j distribution two months early to assist Shareholders and in-region village corporations during this economic crisis.

“At Koniag, one of our driving values is sharing the catch,” said Koniag President Shauna Hegna. “We will do all we can to help our Shareholders and our region to recover from COVID-19.”

This support is in addition to any federal CARES Act Tribal Relief Funding Koniag may receive. Should Koniag be allocated CARES Act Tribal Relief Funding, it will absorb any administrative costs associated with it to ensure one hundred percent of the funds received are used to benefit its Shareholders and communities.

Koniag Chairman and CEO Ron Unger said, “Koniag’s sole focus in applying for the CARES Act Tribal Relief Funding is to help our Alaska Native people and communities impacted by the pandemic.”

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About Koniag: Koniag is one of the 13 Alaska Native regional corporations established in 1971 by the Alaska Native Claims Settlement Act (ANCSA). Koniag represents the Alutiiq people from Alaska’s Kodiak Island region. Koniag manages a diverse portfolio of operating companies and real estate holdings. For more information, visit www.Koniag.com.

2020 Dividend Reminder

Checks for Koniag’s next distribution will be mailed on January 24th and direct deposits will occur the same day. The distribution will be $8 per share for Classes A, B, and C.