Establishing a MTNT Settlement Trust, Your Vote Counts
The MTNT Board of Directors invites you to attend the 2019 Annual Shareholders Meeting, which will be held at the McGrath School Commons in McGrath, Alaska on Saturday, July 27, 2019. Registration will open at 9:00 a.m. and the meeting will start at 10:00 a.m.
This year, in addition to electing Directors, the Proxy Card includes a Ballot Question: Binding Resolution to Approve the MTNT Settlement Trust as an Alaska Native Claims Settlement Trust. There are many tax benefits for creating a Trust under the recent Tax Cuts and Job Act of 2017. For example, if dividend distributions are made through the MTNT Settlement Trust, the dividend income would no longer be taxable to Shareholders. Furthermore, if MTNT were to contribute to the MTNT Settlement Trust, it would be taxed at a much lower rate compared to the normal corporate income tax rate. Due to these tax benefits, the MTNT Board of Directors strongly encourages Shareholders to vote “Yes” on the Ballot Question in support of the Resolution to create the MTNT Settlement Trust.
Please click here to review the MTNT Settlement Trust. Further details about the benefits of approving the creation of the Settlement Trust are also included in the 2019 Proxy Statement and 2018 Annual Report which are currently being mailed to you.
Please read the enclosed Proxy Statement in its entirety and submit your Proxy Card no later than the close of business on July 24, 2019. Proxies received by 4:00 p.m. on June 28, 2019 will be eligible for the Early Bird Prize Drawings.
If you have any questions or need further information, please feel free to contact us at (907) 644-1200 or by email at .
We look forward to seeing you all at the 2019 Annual Shareholders Meeting.