Barrow, Alaska (May 25, 2021) 

Based on UIC’s solid financial performance in 2020, the Ukpeaġvik Iñupiat Corporation (UIC) Board of Directors recently declared two Settlement Trust Distributions for 2021.  These distributions are scheduled to be in the form of two separate payments of $10.00 per Trust Beneficiary share and will make a 2021 total Trust Distribution of $20.00 per share. The first check will be distributed on June 30, 2021, to shareholders of record as of June 8, 2021. The second check is scheduled to be distributed on December 1, 2021, to shareholders of record as of November 9, 2021.

This marks the first Trust fund distribution since the Shareholder Settlement Trust Resolution was passed at the UIC Annual Meeting on October 24, 2020, and takes the place of a dividend distribution.