As part of the Alaska Native Claims Settlement Act (ANCSA), the Aleut Corporation received a settlement of $19.5 million and was entitled to 70,789 acres of surface lands and 1.572 million acres of subsurface estate. Voting shares of stock were issued to 3,249 shareholders.
Most of the corporation’s ANCSA selections are on the Alaska Peninsula and Aleutian, Shumagin, and Pribilof Islands, situated between Port Moller and the Alaska Peninsula and the western tip of Atka Island. The corporation owns the village site of Attu as well as numerous historical and cemetery sites between Atka and the Alaska Peninsula. Aleut Real Estate, LLC currently manages the lands for the Aleut Corporation.