Distributions

Direct Deposit

The direct deposit service allows shareholders to receive their distribution faster. Shareholders can choose to have their distributions deposited directly to their bank account and will get the funds sooner than those who don't sign up for direct deposit.

To sign up, complete a Direct Deposit form and return it to Sealaska. Please also include a voided check or deposit slip from your checking or savings account with any bank, savings and loan, or credit union. The electronic deposit will be made to that account. Mail your completed direct deposit authorization form to:

Sealaska Corporation
Shareholder Records
Attn: Direct Deposit
One Sealaska Plaza, Suite 400
Juneau, AK 99801-1276

Important Reminders About Distributions
Shareholders are strongly encouraged to keep Sealaska informed of their most recent contact information. Prior to each distribution, there is a date on which Sealaska must close all shareholder records to further changes, as required by corporate policy. This is called a Record Date, and it generally falls 3-4 weeks before a distribution. Shareholders may not change their information after the Record Date until the distribution is completed. It is important to make any changes to a shareholder record prior to the Record Date of any distribution.

Payments to shareholders might be delayed for any of the following reasons:

• Change of Address form was not submitted prior to Record Date.
• Change of Name has not been submitted to Sealaska's Shareholder Records.
• Direct Deposit form contains inaccurate information.

Please keep your shareholder information current. Contact the Shareholder Records department with any changes at 800.848.5921, in Juneau at 907.586.9283, or email records@sealaska.com.

How Distributions Are Calculated
Sealaska shareholders receive distributions from three sources: operations, the Permanent Fund and Section 7(i) revenue sharing.

Sealaska Operations

• Sealaska and its subsidiaries strive to achieve strong economic performance each year. Some earnings from Sealaska’s operations are included as a portion of shareholder distributions, according to Sealaska’s Dividend Policy.
• All classes of shareholders receive a payment from this source, when a payment is so authorized by the board of director.

Permanent Fund

• Some earnings from Sealaska’s Permanent Fund are also included in the distributions made to shareholders, according to the Dividend Policy.
• All classes of shareholders receive a payment from this source, when a payment is so authorized by the board of directors.
• Click here to learn more about our current business investments and the Permanent Fund.
  

ANCSA Section 7(i)/7(j)

• The 12 Regional Corporations created under ANCSA share a portion of their natural resource revenues with each other, according to the provisions of the ANCSA Section 7(i) revenue sharing agreement. Sealaska receives a portion of its revenue from this source of shared earnings.
• Sealaska distributes monies to Urban and At-Large (Class B and Class C) shareholders from funds Sealaska receives under ANCSA Section 7(i). The payment to shareholders from Section 7(i) monies is called a Section 7(j) payment.
• Unlike Urban and At-Large (Class B and C) shareholders, Village (Class A) shareholders do not receive a Section 7(j) payment directly from Sealaska—under ANCSA, Sealaska is required to make Section 7(j) payments directly to each of the 10 Southeast Village Corporations. It is up to the Village Corporations to decide how to use their Section 7(j) payments.
• Descendants and Leftouts (Class D and Class L) shareholders do not receive a Section 7(j) payment from Sealaska.

Dividend Policy
Sealaska’s dividend policy calls for distribution of up to 35 percent of the Corporation’s net income from operations averaged over the past five years, and up to 50 percent of the earnings from the Permanent Fund averaged over the last five years after inflation proofing and 3 percent of the Permanent Fund’s average fiscal year-end market value over the previous five years. Section 7(i) monies received by Sealaska are paid to shareholders according to the revenue sharing agreement: one half of the Section 7(i) monies received annually are paid back out to Urban and At-Large (Class B and C) shareholders and to Village Corporations.

When is the Next Distribution?
Distributions are usually made in the months of April and December. Distribution announcements will be made through the eNewsletter, a press release, in the Shareholder newsletter, the homepage of this website and the shareholder hotline.

The record date is the date that Sealaska closes its shareholder register from any more changes until after a distribution is made. It occurs a few weeks prior to each distribution and confirms the shareholders of record eligible to receive a given distribution. It is critical to have your shareholder information updated with the Shareholder Records department before any Record Date.

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