Ellen Lockyer, KSKA – Anchorage
NANA elder shareholders will be $2,000 richer come next year. The trustees of NANA’s Elders settlement trust have voted to approve the 2011 distribution. Kevin Thomas, chief financial officer for NANA Regional Corporation, says the trust was formed two years ago to pay an annual distribution to shareholders who are 65 years or older.
Thomas says around 622 elders will be benefitting from the distribution.
Many elders live on a fixed income. The distribution of $1,500 comes with an additional $500 for taxes, and elders are encouraged to reserve the extra for their 2012 taxes. It is the result of a contribution from NANA Regional which was approved last week.
He says this year’s distribution tops previous years’.
Elders on direct deposit will receive their dividends in Feb. 4 of next year. Elders not on direct deposit will receive checks later in the month.
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