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 | Who We Are |
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Home > Who We Are > Frequently Asked QuestionsBelow are frequently asked questions about Sealaska Corporation. If you have a question that is not answered below, please contact us at webmaster@sealaska.com or 907.586.1512.For more FAQs about shareholder distributions, applications or stock classifications, please refer to the Shareholder FAQ page. What is Sealaska Corporation? What Does Sealaska Corporation Do? What Are Sealaska's Primary Assets? Who Owns Sealaska Corporation? What is Sealaska Corporation? Sealaska Corporation is an Alaska Native corporation formed under the Alaska Native Claims Settlement Act (ANCSA) of 1971, a settlement of all aboriginal claims within the state of Alaska between Alaska Natives and the federal government. The aboriginal homelands of Sealaska's shareholders are the forests and coastline of the Alaska panhandle, which extend from Yakutat on the north to the Queen Charlotte Islands of British Columbia on the south. Sealaska is the Regional Native Corporation for Southeast Alaska and has more than 17,600 shareholders, primarily of Tlingit, Haida and Tsimshian descent. Through its business ventures and investments, Sealaska provides economic, cultural and social benefits to current and future generations of shareholders. What Does Sealaska Corporation Do? For more than 30 years, Sealaska has harvested and marketed premium wood products to the Pacific Rim and Pacific Northwest. Timber harvesting, along with land and forest resource management, has been the cornerstone of our economic enterprise. Sealaska Corporation is the largest private landowner in the region with more than 290,000 acres of surface lands and 560,000 acres of subsurface land in Southeast Alaska. Sealaska has also diversified our business ventures to include plastics injection molding, manufacturing, environmental consulting, construction and manufacturing aggregates, information technology, and machining and prototyping. Throughout its enterprises, Sealaska employs more than 1,000 individuals. Fifty-two percent are shareholders and descendants employed in non-manufacturing sectors. What Are Sealaska's Primary Assets? Our largest source of revenue comes from timber. Sealaska owns 290,000 acres of surface estate and 560,000 acres of subsurface estate in Southeast Alaska. Our wholly owned subsidiaries are Sealaska Timber Corporation, Alaska Coastal Aggregates, Sealaska Environmental Services and Synergy Systems. Our other subsidiary businesses include the Nypro Kánaak joint ventures, Managed Business Solutions, Olympic Fabrication and Kingston Environmental Services. Sealaska also established a Permanent Fund, which was valued at $90 million at the end of the 2005 fiscal year. The Permanent Fund consists of investments in stocks, bonds, real estate and private equity funds, and is a source of shareholder dividends. Who Owns Sealaska Corporation? Our shareholders own the Corporation. Sealaska Corporation is the largest of 13 ANCSA Regional Corporations with more than 19,000 shareholders. Immediately following enactment of ANCSA in 1971, each qualifying Alaska Native was given 100 shares of stock in an ANCSA Corporation. Sealaska originally enrolled 15,782 Alaska Natives and approximately 1,500 more have received Sealaska stock through gifting or inheritance of shares. There is no publicly traded stock and ANCSA shares are not legally allowed to be sold.
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