Bristol Bay Settlement Trust Distributions: The Settlement Trust distribution benefits paid in 2025 are not taxable and are not required to be reported on Form 1099. Therefore, no 1099 tax forms have been sent to shareholders.

Quarterly Elder Settlement Trust Distributions: The Bristol Bay Elders Trust distributions received in 2025 are not taxable and are not required to be reported on Form 1099. Therefore, no 1099 tax forms have been sent to shareholders.

ANCSA 7(j) Payments: At-large shareholders received a $ 10.60 per-share ($1,060.00 for 100 shares) 7(j) resource payment in 2025. The 7(j) payments are reported on Form 1099-MISC in box 3 (Other Income). The 7(j) payment is based on resource sharing among the 12 regional corporations, as required by the Alaska Native Claims Settlement Act (ANCSA). The 7(j) payment appears on a different form because resource revenue payments are not dividends and are not considered investment income. Village corporation shareholders do not receive a 7(j) dividend, as ANCSA requires that resource revenue be paid directly to the village corporations.

Door Prizes: Door prizes or other winnings in cash or property valued at $600 or more are reported in Box 3 (Other Income) on Form 1099-MISC.

Village Corporation 1099 Reporting:Bristol Bay Corporate Services (BBCS) processes dividends for several villages in the Bristol Bay Region. The following summarizes the 1099-DIV reporting for dividends or other payments processed on behalf of villages by BBCS.

Dividends:The following village distributions were reported as dividends in Box 1a on Form 1099-DIV. Dividends reported in box 1a are taxable dividends. The dividend amounts are also reported in Box 1b, indicating the dividends are from a domestic corporation and are eligible for the lower dividend tax rates.

• Igiugig Native Corporation
• Koliganek Natives Limited

Village Corporation Settlement Trust Distributions: The distributions from the following villages were from the Alaska Native Settlement Trusts. These distributions are not taxable and are not required to be reported on Form 1099. Therefore, no 1099 tax forms have been sent to shareholders.

• Aleknagik Natives Limited
• Choggiung Limited
• Kijik Corporation
• Paug-Vik Inc. Limited
• Pedro Bay Corporation
• Stuyahok Limited
• Togiak Natives Limited

Other Village Corporation Dividend Distribution: The distributions from the following villages were claimed as non-taxable:

• Ekwok Natives Limited

Reporting for village distributions is determined by the respective Village Corporation and communicated to BBCS in writing. BBCS does not determine the taxability of these distributions. Please contact your village corporation if you have any questions.

BBNC cannot provide tax advice and shareholders are encouraged to consult with a tax advisor regarding individual circumstances and applicable federal and state tax requirements. Please remember that it is your responsibility to accurately report your BBNC related income on your tax returns.