The resolution will be included in the BBNC proxy statement for our 2025 annual election. Voting will open in mid-August of 2025 and close at our annual meeting in early October 2025.

All BBNC shareholders with voting shares as of the record date of the 2025 BBNC Annual Meeting of Shareholders will be eligible to vote by proxy and at the 2025 annual meeting.

We are committed to providing a meaningful number of shares to new descendant shareholders. We will provide more details of the descendant enrollment plan to shareholders in the coming months.

BBNC dividend amounts are determined by the BBNC Board of Directors on a quarterly basis and are heavily dependent on future business performance. Our goal is to see no reduction in current shareholder dividends and to keep dividends steady.

Choggiung Limited, the largest village corporation in the Bristol Bay region, recently became the first village corporation in our region to approve descendent enrollment. Shareholders of six of the 12 regional corporations have approved descendant enrollment and another three (including BBNC) have started plans to put a descendant enrollment initiative before their shareholders.

We will provide information on this and other enrollment requirements and details for the descendant enrollment plan in the coming months.

No. Descendants may not be a shareholder of descendant stock issued by another Alaska Native regional corporation. They may own original ANCSA stock received through gifting or inheritance.

Yes. As long as a descendant does not own descendant stock of another regional corporation, they are eligible to enroll in BBNC Class D stock.

Yes, lineal descendants of original BBNC shareholders will be eligible to enroll in the new class of stock if they meet eligibility requirements, regardless of whether they have inherited or been gifted original BBNC stock already.

A missed enrollee is an Alaska Native who was qualified for original enrollment as a stockholder of BBNC, but who missed the original enrollment deadline.

While BBNC does not expect to issue all of the shares for many decades, if ever, authorizing this amount gives BBNC the flexibility to grow and accomodate descendant shareholders long into the future.

BBNC is aiming to start accepting applications in mid-November 2025.

Yes, if they were adopted before the age of majority (18) and can provide documentation that shows proof of familial relation.

Yes, both Class C and Class D stock will have voting rights in future BBNC elections.