Kootznoowoo pays dividends

Anchorage Daily News

(02/02/08 03:25:12)
Shareholders in Kootznoowoo, Angoon’s village corporation, have received a dividend of $3.27 per share. Most have 100 shares, meaning the payout was $327, company officials said.

Carlton Smith, Kootznoowoo Permanent Fund Settlement Trust chairman, said two more distributions will be made this year, for a total payout of nearly $1,000 per shareholder.

Smith says that the ending balance for 2007 was nearly $14 million, an increase of nearly $1 million over the previous year. The trust was created in 1991 and funded in 1994 with $9.5 million.

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