Shareholder Distributions
Shareholder distributions are paid to Beneficiaries on an annual basis after the fiscal year end from the Choggiung, Limited Settlement Trust (CLST). We have structured our Trust to be able to accept and pay dividends to shareholders from the Corporation and to have a permanent fund. Annual distribution amounts are recommended by management based on overall asset performance, market factors/economics, and fund availability. The Board of Directors approves the contribution to the CLST and the distribution is then paid to its Beneficiaries.
Bereavement Benefit
In your time of need, Choggiung Ltd offers a bereavement benefit to help ease the financial burden of funeral expenses. This benefit is a testament to our commitment to stand with our shareholders and their families during difficult times. Contact Shareholder Services to learn more.
Education & Scholarships
Shareholders have access to the Choggiung Educational Endowment Foundation (CEEF). The CEEF is dedicated to empowering shareholders in their educational and career journeys.
Descendant Enrollment
For the first time in Choggiung’s history, Descendants and Missed Enrollees will be able to apply for enrollment as Shareholders of the corporation. Apply today for enrollment.
Voting Rights
Shareholders can participate in annual elections for board members and questions on the future of Choggiung Ltd. Elections are held annually in August and September.
.jpg)
Land Access, Harvesting, and Woodcutting
Choggiung allows the use of its lands by shareholders and non-shareholders for subsistence and recreational activities such as hunting, berry picking, hiking, and camping. Wood cutting is also permitted by shareholders, limiting harvest to dead or fallen spruce to be used for personal use only.
Notary Public Service
Our Dillingham office provides free notary services to all shareholders, ensuring your important documents are legally recognized. Whether it's for wills, deeds, or contracts, our notary public is available to assist you.
Heating Fuel Reward Program at Vitus Energy Dillingham
Stay warm and save on heating fuel with our exclusive reward program at Vitus Energy Dillingham. Shareholders enjoy discounted rates, keeping your home cozy for less during the colder months. Take advantage of this special offer tailored for our community. For details on the Choggiung Heating Fuel Reward Program email Vitus at customerservice@vitusmarine.com.
Stock Will & Estate Settlements
Ensure your shares are transferred according to your wishes. Completing a Stock Will is a vital step for every shareholder, offering peace of mind and clarity for the future of your estate. Our team is here to assist with the process, making it straightforward and secure.
Youth Board Program
Choggiung Limited’s leadership is devoted to fostering the growth of our younger shareholders. The Board of Directors has approved the Choggiung Youth Board Program. This is a great news for our shareholders, this program is to provide youth with a practical and meaningful experience in Alaska Native Corporate board governance. It is designed to educate and empower young shareholders to become active members in our communities through development of leadership skills, problem-solving, and collaboration with the Choggiung Board of Directors to positively impact the future for Choggiung, Limited.
Annual Events
Annual Meeting of Shareholders
Choggiung Limited holds it’s Annual Meeting of Shareholders on the last Saturday in September for the purpose of electing Directors, to consider affairs of the corporation, and for the transaction of other business that may come before the meeting.
Annual Voting
A proxy statement is sent to every voting Shareholder, along with the Annual Report mailing. The proxy statement is required by Alaska state statutes to solicit votes from Shareholders. The proxy statement includes voting procedures, board candidate information, board and executive compensation and instructions on how to vote your proxy for the candidate(s) of your choice.
