March 23, 2007, Juneau, Alaska—The Sealaska Board of Directors approved a distribution that will be paid to shareholders on April 10, 2007, based on earnings from operations, the Permanent Fund and from Section 7(i) revenues. An $5.73 per share distribution will be sent to Urban and At-Large shareholders, and $4.26 per share will be sent to Village shareholders.
The distribution will consist of a $1.91 per share dividend from operations and $2.35 per share dividend from the Permanent Fund according to Sealaska Board Chairman Albert Kookesh. A $1.47 per share ANCSA Section 7(j) revenue sharing payment will also be made at the same time to Urban and At-Large shareholders and to Southeast village corporations.
The record date of the dividend is March 23 and direct deposit and mail checks will be issued on April 10. For more information on Sealaska's distribution policies, visit Distributions in the Shareholder Handbook. If you have new contact information, please visit Forms and Procedures to update your records.