Shareholder Information

Corporate Headquarters

Keweenaw Land Association, Limited
1801 East Cloverland Drive, 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 Friday, July 15, 2022, at 9:00 am CT via a virtual meeting platform, and the Notice of Annual Meeting of Shareholders and Proxy Statement was mailed or made available to shareholders on or about June 14, 2022 (the "Proxy Materials").  Shareholders of record as of the close of business on June 8, 2022, were entitled to vote at the Annual Meeting.

The date of the next Annual Meeting of Shareholders is yet to be determined.  

About Your Shares

Keweenaw Land Association, Limited's common stock is traded in the Pink Sheets under the symbol "KEWL".

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

Second Quarter 2022 Share Price Highlights:

High  $25.00
Low   $21.05
Last   $21.50

First Quarter 2022 Share Price Highlights:

High  $30.00
Low   $15.20
Last   $21.35

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.