Dividend

The Nunasi Board of Trustees oversees and protects the assets and investments of Nunasi and the distribution of the dividends.

The Nunasi Trust can only declare dividends once Nunasi Corporation declares dividends and pays them to the Trust.

Each year the Board of Trustees announces the declaration of dividends. The dividends are paid on behalf of the Shareholders to the Regional Inuit Associations.

All Inuit who are enrolled under the Nunavut Land Claims Agreement are Shareholders, whose share is held in trust by the Board of Trustees.

For more information on the dividend expenditure in your region, please contact your Regional Inuit Association listed below.

Qikiqtani Inuit Association - Kitikmeot Inuit Association - Kivalliq Inuit Association

Nunasi Corporation’s policy is to dividend 30% of the after tax non-consolidated net income.

The remaining profits are left in the company to sustain current operations, including support for existing subsidiaries and capital to continue to grow Nunasi.

Once the Trust declares a dividend it is paid out according to the current policy set by the Trustees.  This policy is as follows:

Of the total amount to dividend, half is allocated to the three RIA’s based on the population of the beneficiaries of the three regions as calculated by NTI.

The other half of the total dividend is allocated to the three RIA’s based on which Nunavut regions that Nunasi’s revenue comes from. Those two calculations are added together to get the total amount payable to the three RIA.

Dividends paid to the Regional Inuit Associations since 1999:

• 2011 (based on 2010 fiscal year results), $495,573.40 

• 2010 (based on 2009 fiscal year results), $462,887.70

• 2009 (based on 2008 fiscal year results), $434,705.70

• 2008 (based on 2007 fiscal year results), $829,163.10

• 2007 (based on 2006 fiscal year results), $1,265,020.20

• 2006 (based on 2005 fiscal year results), $733,239.90

• 2005 (based on 2004 fiscal year results), $200,000.00

• 2004 (based on 2003 fiscal year results), $177,356.40

• 2003 (based on 2002 fiscal year results), $200,000.00

• 2002 (based on 2001 fiscal year results), $167,350.00

• 2001 (based on 2000 fiscal year results), $197,600.00

• 2000 (based on 1999 fiscal year results), $134,000.00 

• 1999 (based on 1998 fiscal year results), $188,000.00
  
  

NUNASI CORPORATION Summary of Revenue, Net Income and Dividends Declared
For the Fiscal Years 2001 to 2010