Since December 2011, Bristol Bay Native Corporation (BBNC) has issued a quarterly payment of $125 to original BBNC shareholders aged 65 or older, in addition to its regular quarterly distribution payments. 

After listening to shareholder concerns about how BBNC Elders have faced significant increases to their cost of living and economic hardships since the Elder benefit was created, the BBNC Board of Directors voted to fund the BBNC Elder Trust to double the Elder distribution amount. Beginning with the June 7, 2024 distribution from the BBNC Elder Trust, original shareholders who are 65 years or older by the May 15, 2024, record date, will receive $250 per quarter.  

This benefit will remain non-taxable. However, some Elders may want to opt-out of the quarterly distribution if the additional income would negatively impact their eligibility for state or federal benefit programs. If this is the case, an Elder should complete the Opt-Out form by May 15, 2024, if they do not wish to receive the Elder distribution.  

The increase in the Elder benefit does not impact the regular distribution from the BBNC Settlement Trust. The June 7, 2024 regular distribution will be paid at $14.23 per share. Regular and Elder distributions are paid on the first Friday of March, June, September, and December every year. 

If you have any questions, please contact BBNC’s Shareholder Relations team at shareholders@bbnc.net or (907) 278-3602 or (800) 426-3602. 

Click here to view FAQ’s relating to the BBNC Elder distribution.