BBNC Shareholder Dividend Information
On Friday, May 29, the BBNC Board of Directors declared a June dividend of $8.10 per share. If you have 100 shares, this means you will receive $810.00. The June dividend will be paid on Friday, June 5, 2015. On this date, shareholders who receive direct deposit will see dividends posted to their bank accounts, and paper checks will be mailed on this day as well.
BBNC dividends are paid four times a year, on the first Friday of March, June, September and December. Changes to direct deposit or address information must be made at least 14 days in advance of any dividend payment to ensure your dividend reaches you in a timely manner.
If BBNC receives any returned mail for a shareholder, their dividends will be placed on hold until an address correction is received and signed by the shareholder. This includes those shareholders receiving direct deposit. The address change form can be found under Shareholder Forms page on our website, or one can be mailed to you by contacting our office.
If your dividend has been returned to our office and you wish to request the check be reissued, please contact BBNC. A check reissue may take as long as 6 to 8 weeks to process.
All dividends paid by BBNC are reported to the IRS as taxable income and 1099 forms are sent to all shareholders in January of each year.
Bristol Bay Times Article
BBNC has received a number of phone calls about an article published in the Bristol Bay Times regarding an increase in shareholder dividends. The article published on their website is dated February 22, with no year indicated. We would like to clarify that this article was published in 2011, and the $22 per share dividend amount mentioned in the article was an annual amount ($22 per share annually = $5.50 per share quarterly). Because the newspaper was owned by another entity in 2011, BBNC was told they are not able to edit the article or indicate the year it was published.
Dividend questions? Call the BBNC dividend hotline at 1-800-478-3602.
Burmeister wins the Bristol Bay Native Corporation Fish First Award
FOR IMMEDIATE RELEASE
March 16, 2015
FOR INFORMATION, PLEASE CONTACT: Jason Metrokin
Burmeister wins the Bristol Bay Native Corporation Fish First Award
Iditarod musher Aaron Burmeister of Nome received the Bristol Bay Native Corporation Fish First Award as the first to reach the Kaltag checkpoint in the 2015 Iditarod Trail Sled Dog Race.
Burmeister arrived in Kaltag at 8:49 p.m., Saturday, March 14, with 13 dogs.
BBNC Board Member Shawn Aspelund presented the Fish First Award: 25 pounds of Bristol Bay salmon filets and $2,000.
“Congratulations to Aaron. We hope he enjoys a taste of Bristol Bay,” said Jason Metrokin, BBNC President and Chief Executive Officer. “BBNC is proud to support this Alaskan tradition, and we are excited to present an award that supports our Fish First policy.”
Bristol Bay is home to the world’s largest wild sockeye salmon fishery. BBNC has endorsed a Fish First policy for land and resource management in Bristol Bay. In all land management and resource development decisions, adequate protections for fish and fish habitat will always be a priority.
The Bristol Bay Native Corporation Fish First Award will be re-presented to Burmeister in Nome on Sunday, March 22, during the Iditarod Awards Banquet at the Nome Recreation Center.
Bristol Bay Native Corporation (BBNC) is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971 (ANCSA), BBNC works to ensure the continuation of the life and culture of its over 9,900 shareholders – the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.
RELEASE: New Fund Invests in Bristol Bay’s Economic Future
For Immediate Release
March 03, 2015
New Fund Invests in Bristol Bay’s Economic Future
The Bristol Bay Development Fund (BBDF), a new subsidiary company of Bristol Bay Native Corporation, is pleased to announce its first investment in a Bristol Bay-based business, ADESCO, LLC. BBDF is now a partial owner of ADESCO, along with BBNC shareholder entrepreneur Randy Zimin of South Naknek, Alaska.
ADESCO is a marine transportation and general contracting business that has been in operation since 2005. The investment has already helped ADESCO grow. The company purchased a new marine vessel, the Miss Rebecca, which allows ADESCO to enter the fish tendering service and provide additional inregion cargo transportation to local communities before and after the commercial fishing season. With the addition of the Miss Rebecca, the company’s fleet now totals four vessels.
ADESCO generally employs nine people during the summer months, provides employment opportunities to local people, and offers a much-needed local marine cargo transportation service to communities around Bristol Bay.
While ADESCO’s primary business is conducted in marine transportation, it also provides general contracting services. The business has a resume that includes demolition, heavy civil construction, excavation, site preparation, airport runway repair and upgrades, and commercial building assembly.
ADESCO also holds many certifications, including the U.S. Small Business Administration’s Small Disadvantaged Business, HUB Zone, Veteran Owned and Minority Owned certifications, as well as the Alaska Department of Transportation’s Disadvantaged Business Entity.
To learn more about ADESCO, please visit adescoak.com.
The Bristol Bay Development Fund was launched in October 2014 and exists to be a catalyst for business growth and startups in the Bristol Bay region. The fund has a goal to invest $5 million within four years in businesses such as fisheries, transportation, agriculture, health and wellness and energy. The Bristol Bay Development Fund is a wholly owned subsidiary of Bristol Bay Native Corporation. Learn more about the fund at bbdf.net.
2015 BBNC Board Recruitment
Bristol Bay Native Corporation is seeking applicants to fill four board seats at the Annual Meeting of Shareholders on October 3, 2015.
Interested shareholders should submit:
- A letter of interest
- Three letters of reference (two professional, one personal [no relatives])
- A resume
Completed applications must be received by 5:00 p.m. on Friday, April 10, 2015 at:
Bristol Bay Native Corporation
111 W. 16th Avenue, Suite 400
Anchorage, AK 99501
Questions? Call 1-800-426-3602
BBNC Supports 2015 Iditarod
The 2015 Iditarod is officially under way! Bristol Bay Native Corporation is proud to again support this Alaskan tradition. Stay up to date with The Last Great Race by downloading Iditarod The Official App on your Apple or Android phone or tablet! Click here for more information.
BBNC will also present the Fish First Award to the first musher to reach Kaltag, the halfway point of this 1,000-mile race to Nome. The Fish First award consists of 25 pounds of Bristol Bay salmon fillets and $2,000.
2014's inaugural Fish First Award was presented to Aliy Zirkle, who ultimately crossed the finish line in second place last year.