Please keep an eye out for the next edition of the Olgoonik Shareholder Newsletter. This issue contains important information about:
Class B Enrollment
Shareholders voted this year to approve adding 50,000 new shares of Class B stock and the deadlines for application submission as well as an updated FAQ are in this edition.
The OC Board approved an Elders Distribution for original Class A shareholders that will be paid out in October
CARES Act Funding
OC applied for, and received, Paycheck Protection Program loans (one funding option available to our corporation under the CARES Act umbrella). These loans were used exactly as required by the federal government and allowed OC to maintain full staffing levels throughout 2020. This edition of the newsletter will give shareholders a breakdown of how these PPP loans, which were largely forgiven, contributed to OC’s bottom line and helped preserve a healthy dividend for our shareholders.
If you did not receive previous mailouts from OC over the summer, please make sure you have provided us with your most recent mailing address. All shareholder forms, including the Change of Address Form, are available here.