Kuukpik Shareholders,
As you prepare your 2024 tax returns, please note that many shareholders will not receive a 1099. Kuukpik has taken steps to minimize the tax burden on shareholder payments through the Kuukpik Corporation Distribution Settlement Trust, established in 2021.
🔹 No 1099-DIV? No Problem!
Most payments from the Settlement Trust in 2024 are not taxable dividends, so a 1099-DIV is not required.
🔹 You May Still Receive a 1099 If:
- You received honoraria, cash prizes, contract work, or non-employee compensation.
- If applicable, 1099 forms were mailed before the January 31st deadline.
For any questions, please contact Kuukpik’s accounting department at 907-279-6220.
Thank you!