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
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.