Sealaska Annonuces December Distribution
Tribal member shareholders eligible for direct deposit will receive payment by December 6, 2012
JUNEAU, Alaska – Sealaska directors approved a December distribution to tribal member shareholders to be paid on or about December 6, 2012. The distribution to shareholders and direct deposits will be made on the same day. The December distribution totals approximately $12,819,277 to shareholders and Southeast village corporations.
|Distribution & Stock Type:||Per Share||Per 100 Shares|
|Non-Elder Urban and At-Large Shareholders||$ 7.72||$ 772|
|Elder Urban and At-Large Shareholders||$ 8.68||$ 868|
|Non-Elder Village and Leftout Shareholders||$ 0.96||$ 96|
|Elder Village and Elder Leftout Shareholders||$ 1.92||$ 192|
|Descendant Shareholders||$ 0.96||$ 96|
Dividends from the Marjorie V. Young Permanent Fund are based on a percent of market value (POMV) of the fund balance. Based on the POMV calculation, the 2012 December dividend will be $0.53 per share.
• Sealaska policy states that 35 percent of the corporation consolidated net earnings averaged over five years, minus earnings associated with the Marjorie V. Young Permanent Fund, may be paid annually in two installments. The distribution includes an operations dividend of $0.43
• In addition to operations and the Marjorie V. Young Permanent Fund dividends, a $6.76 per share ANCSA Section 7(i) revenue sharing payment will be made.
“Sealaska manages its investments in alignment with our core Native values so that we can fulfill our purpose of strengthening our people, culture and communities,” said Sealaska Board Chair Albert Kookesh.
“We are announcing a stable distribution to our tribal member shareholders in spite of the Great Recession,” said Chris E. McNeil Jr., Sealaska president and CEO. “As the effects of the recession roll out of percent of market value averages and as we strengthen operations, we plan to see growth in future distributions."
Shareholder Holiday Information Fair December 7, 2012
The 2012 Sealaska Shareholder Holiday Information Fair will be held Friday, December 7, 2012, from 4:30-7 p.m. at Centennial Hall in Juneau.
Please join tribal member shareholders and Sealaska staff for the opportunity to learn about current Sealaska and SHI activity, available services and resources, talk one-on-one with directors, and visit with family and friends.
There will be gift bags, door prizes, plenty of great food, and you can have your picture taken with Santa. Photos are free and will be published on www.sealaska.com.
Sealaska is happy to offer free tables for shareholder artists to sell their arts and crafts. If you are interested in reserving a table, please contact Carmaleeda Estrada at 907.586.9280. Tables are limited and available on a first-come, first-served basis.
Posted: November 2, 2012