OPEN ENROLLMENT AT A GLANCE

The approved open enrollment resolution:

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• Reclassifies the current 75,000 shares of stock as "Class A Stock."

• Authorizes issuance of up to 200,000 shares of new descendant stock as "Class B Stock."

• Authorizes issuance of up to 50,000 shares of new Elder stock as "Class C Stock."

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Approval allows K'oyitl'ots'ina to:

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• Issue 25 shares of Class B Stock to descendants of original K'oyitl'ots'ina shareholders born after December 18th, 1971, who are at least one-quarter Alaska Native or Alaska Native by adoption.

• Issue 25 shares of Class C Stock to existing shareholders who are at least 65 years of age and older (Elders).

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OPEN ENROLLMENT ELIGIBILITY

To be eligible for Class B Stock, new descendant enrollees must:

 

• Be a direct descendant by birth of an original K’oyitl’ots’ina, Limited shareholder who received their shares directly from K’oyitl’ots’ina, Limited (not through gifting or inheritance).

• Be born after December 18, 1971.

• Have at least one-quarter Alaska Native blood quantum.

• Not be enrolled as a descendant in another ANCSA village corporation.

• Be a U.S. citizen.

 

Original shareholders age 65 and older who received shares directly from K’oyit’lots’ina are eligible to receive 25 shares of Class C Elder stock. Note that “original” does not include inherited and/or gifted shares. 

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NEXT STEPS

K’oyitl’ots’ina is now working to develop the system and processes to accept and process descendant applications. We will also be working to expand and enhance shareholder records so we can best manage and serve a larger shareholder base. We expect this process to take one year, meaning we will begin accepting descendant applications in summer 2024.