Who we are
Koniag, Inc. (the Company) is a regional corporation formed pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA). The Company is owned by 3,879 Alaska Native Shareholders. Approximately 60% of the Shareholders live within the state of Alaska.
ANCSA settled the aboriginal land claims of the Alaska Native people by providing for conveyance of money, land and other natural resources to regional corporations and village corporations within each region. The Company’s original share of this entitlement was $24 million and approximately 800 acres of surface estate and approximately 900,000 acres of subsurface estate.
As of March 31, 2012, the Company has interim conveyance or patent to approximately 105,000 acres of surface estate and approximately 900,000 acres of subsurface estate. The additional surface estate received is a result of a merger with two village corporations and the subsurface is entitled under ANCSA.
The Company continues to pursue a business strategy that reduces risk through diversification while focusing on improved profitability and growth by investing in and developing greater expertise in core businesses and industries. This strategy has driven and continues to drive investment and divestiture decisions of the Company.
Each year a list of 75 Cool Places to Work in Michigan is published by Crain’s Detroit Business. Koniag’s subsidiary, Open Systems Technologies in Grand Rapids was ranked #7 for 2014. Congratulations OST! Keep up the good work!
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Check out the video below to watch the 2014 AFN Convention highlighting the theme: Rise As One.
Click on the link below (courtesy of AFN):more
Koniag will distribute a dividend of $3.00 per share on January 23, 2015 to Shareholders on the record books as of December 31, 2014.
Please take a moment to confirm your address. Updating contact information will ensure Shareholders receive their distribution fast and efficiently!
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