Shareholder Information
Corporate Headquarters
Keweenaw Land Association, Limited
PO Box 188
Ironwood, MI 49938
Phone: (906) 932-3410
Email: investors@keweenaw.com
Annual Meeting
The most recent Annual Meeting of Shareholders was held Thursday, May 11, 2023, at 9:00 am CT via a virtual meeting platform. The Notice of Annual Meeting of Shareholders and Proxy Statement (the "Proxy Materials") was mailed or made available to shareholders on or about March 31, 2023. Shareholders of record as of the close of business Wednesday, March 22, 2023, were entitled to vote at the Annual Meeting.
About Your Shares
Keweenaw Land Association, Limited's common stock is traded in the Pink Sheets under the symbol "KEWL".
Second Quarter 2023 Share Price Highlights:
High $22.50
Low $20.00
Last $21.25
First Quarter 2023 Share Price Highlights:
High $31.84
Low $20.10
Last $22.15
Fourth Quarter 2022 Share Price Highlights:
High $20.30
Low $16.50
Last $20.25
Third Quarter 2022 Share Price Highlights:
High $22.00
Low $16.75
Last $17.65
Dividend Information
The Board of Directors eliminated shareholder dividends effective 2010.
Pursuant to a "Plan of Partial Liquidation" approved by shareholders 12/22/2021, the Company paid a special distribution of $92.00 per share on 12/31/2021, to shareholders of record 12/27/2021, and planned to make a second special distribution of approximately $8 per share on or before 12/31/2022, to shareholders of a future record date for such purpose.
The "Plan of Partial Liquidation" was subsequently approved for amendment by shareholders 7/15/2022 to allow the Company to conduct a tender offer in lieu of the second special distribution. The Company's "Dutch auction" tender, initiated 11/18/2022, concluded 12/20/2022 with 115,190 shares of common stock accepted for purchase at a price of $20.00 per share for a total cost of $2,303,800 excluding fees and expenses.