News Archive

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The OST Board of Trustees has approved a $500 Elder Distribution. Elders who have signed up for direct deposit should expect deposits in their banks, Tuesday, January 5, 2021. Checks will be mailed today, Monday, January 4, 2021. Happy New Year and stay safe!

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The OC offices and maintenance shop are closed until Monday, December 28, 2020. For leasing issues please email Denise Rankin at rankin@ounalashka.com. For maintenance issues please call Mike Jolliffe at 907-359-2251 or Mike Ehlhardt at 907-359-1516. All other inquiries please email info@ounalashka.com. Thank you and Merry Christmas!

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Edna P. McCurdy Scholarship Recipients:
If you applied on-line for the Fall semester or quarter, you won’t be required to apply on-line for either the Spring/Winter semester/quarter. Please email your Spring/Winter class schedule and have your school send your official transcript with your Fall grades to fernandez@ounalashka.com.
For the recipients who didn’t apply on-line for the Fall semester/quarter, but wish to apply for the Spring/Winter 2021 semester/quarter, please apply on-line ASAP. The deadline for the Spring/Winter semester/quarter has been extended to December 15th.

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Please see the attached for updates on the community’s COVID-19 status.

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To learn more about employment opportunities with Edison Chouest Offshore, please click this link for their 2 page descriptive brochure:

Edison.Brochure

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The Ounalashka Settlement Trust, Board of Trustees, declared a $500 special, one-time distribution per OST Beneficiary on Wednesday, November 18, 2020. Direct deposits will be in shareholders’ bank accounts by Monday, Nov. 23, 2020. Checks will be mailed on Tuesday, Nov. 24, 2020. If any OC shareholders are interested in signing up for direct deposit, please contact the OC office by emailing info@ounalashka.com for more information, or visit the OC site to download a direct deposit form. Thank you and stay safe!

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Please contact us with any questions or changes to your Shareholder information! The OC board has declared a distribution of $18 per unit. Checks will be mailed today (10/29/20) and the direct deposits will be in banks tomorrow (10/30/20).

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As an Ounalashka Corporation shareholder, you are encouraged to execute an OC Stock Will to ensure that your OC stock will be distributed in the desired manner.  It is important to update your OC Stock Will upon the death of a designated heir, after giving or a gift of stock, marriage, divorce, the birth or adoption of children and/or other life changes.

 

Effective as of July 1, 2018 distributions of OC stock are in whole shares only.  Example: if you own 100 shares and wish to leave your stock to three heirs, the stock will need to be split as follows: 33, 33 and 34.  Or, if you own fractions of shares (i.e. 3.333) the fractional shares cannot be broken down further.  The shares would need to be split 1, 1 and 1.333.

 

ADDITIONALLY, EFFECTIVE AS OF JUNE 2017, IF YOU CHOOSE TO LEAVE ANY PORTION OF YOUR OC STOCK TO A NON-NATIVE THEY WILL NOT RECEIVE ANY UNITS IN THE OUNALASHKA SETTLEMENT TRUST.  WHICH MEANS – AS OF JUNE 2017 NON-NATIVE SHAREHOLDERS CANNOT INHERIT TRUST UNITS IN THE OUNALASHKA SETTLEMENT TRUST, AND THEREFORE, WILL RECEIVE NO MONETARY DISTRIBUTIONS FROM THE TRUST.

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