Ukpeaġvik Iñupiat Corporation Celebrates Issuance of its First Class B Shares

Ukpeaġvik Iñupiat Corporation (UIC) congratulates its first Class B Stockholders.

In an unprecedented move, the UIC Board of Directors approved the issuance of 50 Class B shares each to over 600 first-generation descendants of UIC’s original shareholders. The decision, made on Wednesday, July 19, 2023, marks a monumental milestone in UIC’s history.

This action affirms UIC’s commitment to enhancing the lives of its shareholders and opening new opportunities for engagement and participation among its descendants. It further cements UIC’s position as a forward-thinking corporation, dedicated to the inclusion and economic prosperity of its community and shareholders.

UIC looks forward to welcoming many more Class B shareholders in the future and is confident this decision will strengthen the corporation for generations to come.

Related information for Shareholders, descendants, and applicants

Application status and issuance of shares
All applicants who have submitted a Class B application can anticipate receiving a letter regarding their application status by the beginning of August. We appreciate your patience and cooperation as we issue these new shares.

Class B enrollment
Class B enrollment remains open. UIC strongly encourages all eligible first-generation descendants to apply. Options to get an application and further details:

  • Visit our website:
  • By phone: (907) 852-4460
  • In-person: Visit the Utqiaġvik or Anchorage office to pick up an application.