Sealaska Announces December Distribution 2015
Directors approve $17.5 million total distribution to shareholders
Sealaska Announces December Distribution
Sealaska directors approved a December distribution to shareholders totaling $17.5M. Total distributions in 2015 to Sealaska shareholders are $30.4M. Management continues to follow priorities outlined in the strategic plan including growing operations in relevant industries and creating a disciplined investment process.
“Sealaska is in a strong position to utilize investment capital to make new operational investments,” said Sealaska President and CEO Anthony Mallott. “This will add to our net income and help us reach our goal of profitability before ANCSA Section 7(i) and investment income. The executive team and board have taken deliberate steps during the last two years to focus on financial stability and show operational improvement.”
“The Board fully understands how important these distributions are to our shareholders and their families,” said Sealaska Board Chair Joe Nelson. “We are working diligently with management to grow the annual distribution through improved operating results, but we are also continuing to provide job, internship and scholarship opportunities on a regular basis.”
Sealaska shareholders are asked to make any necessary updates, such as address changes or direct deposit with Shareholder Relations by the November 20, 2015 record date. The Distribution date is December 3, 2015.