Dilution

The impact on dividends and voting strength of original shares that would result from the issuance of Class E stock.

Class E Stock

This is the designation CAC will use for newly issued descendant stock, if the shareholders approve a binding resolution in support of Descendant Enrollment.

Class D Stock

These are existing shares of CAC that are At-Large and have non-voting status.

Class C Stock

These are existing shares of CAC that are At-Large and have voting status.

Class B Stock

These are existing shares of CAC that are associated with a village in the Chugach Region and have non-voting status.

Class A Stock

These are existing shares of CAC that are associated with a village in the Chugach Region and have voting status.

ANCSA

The Alaska Native Claims Settlement Act, which Congress enacted effective December 18, 1971. Amendments were made to ANCSA in 1988 and are called the “1991 Amendments” for addressing many conditions that would have become effective in 1991. These amendments permit Native corporations to issue new shares to descendants of shareholders, to Elders, and to Leftouts.