Kootznoowoo Inc. board chair Eunice James announces good news for shareholders.
In December 2021, and March 2022, the Kootznoowoo, Inc. Board of Directors passed resolutions to invest ten percent of all income received through the corporation’s Carbon Credit Program and through sale of land to the State of Alaska for construction of an airport in Angoon, into the Kootznoowoo Shareholder Settlement Trust.
Since these resolutions were passed, $265,272 in Carbon Credit income, and $183,500 in land sale income has been added to the Shareholder Settlement Trust. These funds are added to what is referred to as the “corpus” of the Settlement Trust, which is the principal investment that the dividends that are paid to shareholders three times each year, are based upon.
The Board’s commitment to add a percentage of income to the Settlement Trust corpus, helps to ensure that the Trust will continue to grow for the benefit of shareholders both now and in the future.