Stock Information

TKC currently has two classes of stock, class A and class B.

Class A - Original Enrollees

• 100 shares
• Voting Rights
• Dividend Rights
• Can be gifted
• Can be inherited (TKC Last Will and Testament for stock (pdf file).

Class A stock pertains to the original enrollees (Native Alaskans enrolled as of December 18, 1971). There are 121,400 Class A shares authorized and outstanding. Shareholders who own this stock are either:

1. Original enrollees, or
2. The heirs of stock from an original enrollee

Class B - Children of the original class A or of Class B

• 100 shares
• Voting Rights
• Dividend Rights
• Life Estate Stock

Class B stock pertains to the enrollment of the children of the original Class A shareholders. Class B stock pertains to those individuals who were born after December 18, 1971 and who are the child by blood or adoption of an original Class A shareholder. Class B stock authorizes 2,000 additional shareholders, each receiving 100 shares for a total of 200,000 shares.

Enrolling Children
ANCSA allowed for all Native Alaskans as of December 18, 1971 (original enrollees) to be enrolled in ANCSA Corporations. The question of issuing TKC stock to those born after December 18, 1971 was made possible when Congress passed the 1991 amendments to ANCSA. There were many amendments; however, one allowed TKC to present the issue of possibly enrolling the children of its shareholders. Shareholders voted on the issue and it passed by a majority vote. Up to 2,000 new shareholders are being issued 100 shares each of Class B "children's" stock. Class B Stock Instructions and Application (pdf file). Also, if the applicant is under the age of 18, please notarize and return the Custodian Consent form (pdf file).

As of May 2007, there are 173 class B shareholder spots open until the gap is reached and class B enrollment will close.

Selling Shares
The ANCSA amendments passed by Congress in 1988 continued the restrictions on the sale of stock indefinitely unless brought to a shareholder vote by the board of directors, or by a petition of 25 percent of the shareholders. Shareholders would have to vote to approve an amendment to the Articles of Incorporation to remove the restrictions on the sale of stock.

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