November 8, 2024 

The Sitnasuak Native Corporation (SNC) Board of Trustees is pleased to declare a Heritage Trust Distribution of $10.75 per Trust Unit (or $1,075 for those with 100 Trust Units) to all Beneficiaries of record as of November 7, 2024. An Elders Benefit Distribution of $5.00 per Trust Unit for Elders has also been declared for those eligible SNC Trust Beneficiaries 65 years of age or older. 

The SNC Trust distributions will be tax-free to each recipient and will be mailed or directly deposited by November 25, 2024. For those who opted to receive their distribution via paper check, please be aware that it will take longer to receive them in the mail and timing will vary depending on your location. All SNC Trust Beneficiaries are encouraged to verify their mailing and/or direct deposit information via the MySitnasuak Shareholder.  

We are proud to have a dedicated team at SNC that works closely with our SNC Trust, SNC Board of Directors, Management, and Employees who all work diligently to maximize the value and benefits to our Shareholders, Beneficiaries, and communities.  

CEO Charles E. Fagerstrom stated, “The SNC Trust Distributions clearly demonstrate the corporation’s financial stability and our steadfast commitment to our shareholders. As we look ahead, we are confident in our ability to excel and are fully prepared to continue to serve our shareholders with dedication.” 

Sitnasuak Native Corporation Board of Directors and Staff wish you all good health and safety during this holiday season. Quyanna! 

About the SNC Settlement Trust 
The SNC Trust was approved by Sitnasuak Native Corporation (SNC) Shareholders on September 22, 2018, at the 44th Annual Meeting. SNC’s Shareholders are the Trust’s Beneficiaries, and SNC Board of Directors are the Trustees of the SNC Trust. The SNC Trust ownership of trust units is equal to the number of shares of SNC Settlement Common Stock owned by SNC Shareholders. The SNC Trust is an Alaska Native Claims Settlement Act (ANCSA) Settlement Trust with the purpose to promote the health, education, and welfare of the Trust’s Beneficiaries; to preserve the heritage and culture of Alaskan Natives; and to promote the long-term economic stability of the Trust’s Beneficiaries through distributions and benefits and through the minimization of taxes.