In common with many Maori entities we have no contact details for over 50% of our named shareholders. The unclaimed dividends attached to these Morikau shares now stand at over $810,000, held on trust by The Whanganui Trust.
Below is a link to a downloadable PDF file with a list of shareholders whose contact details we do not have and their dividends are unclaimed.
There are only two reasons why dividends are unclaimed - either we do not have a current shareholder address or in the case of a deceased shareholder, we have never been advised by the Maori Land Court of any Succession Order.
If you were the beneficiary of a parent's and grandparent's land interests (Maori Incorporation shares are treated as if they are land) and there are still outstanding unclaimed dividends it means the shares were missed from the application for succession. It costs nothing to get the share interests added to the Order.
If no application has been made, you need to contact your nearest Maori Land Court or go on-line for guidance because the application process is dependent on the date of the shareholder's death and whether or not there was a Will. In some cases this will involve more than one succession and will undoubtedly be complex.
Postal contact:
The Secretary
Morikaunui Incorporation
PO Box 641
Whanganui 4541
dividends@morikau.com - Unclaimed dividend query
Click here to download the PDF file of Unclaimed dividends