Sealaska Board of Directors Declare December Distribution

The Sealaska Board of Directors announced today a distribution to tribal member shareholders to be direct deposited and mailed on or about December 4, 2009. The December distribution is based on earnings from operations and the Marjorie V. Young Shareholder Permanent Fund and includes ANCSA Section 7(j) payments. A $1.34 per share dividend was declared from operations and the Marjorie V. Young Permanent Fund. A Section 7(j) payment of $10.93 will be made to Urban and At-Large shareholders and directly to Southeast Village Corporations.

Urban and At-Large Shareholders will receive $12.27 per share and a $1.34 per share dividend will be made to Village shareholders. In addition, Descendants, Leftouts and Class E shareholders will receive a $1.34 per share dividend.

The record date of this distribution is November 20, 2009.