On November 2, 1991, shareholders voted in favor of creating the Elders' Settlement Trust Benefit. Under this program, Sealaska shareholders receive a one-time cash benefit of $20 per share when they reach age 65. (The check will be $20 per share for the amount of shares owned on November 2, 1991.)
A letter and postcard are sent to notify the shareholder. Once the postcard is returned, a check will be issued following his or her 65th birthday. The amount of the distribution will be based on the number of shares owned on November 2, 1991.