Sealaska Announces Spring Distribution of $19.2 Million

As part of Sealaska’s continued investment in our communities and region, a spring 2024 distribution totaling $19.2 million will be issued to shareholders on Thursday, April 18. Sealaska’s board of directors approved the distribution at a meeting held in Juneau on Friday, April 12.

The upcoming distribution includes dividends totaling $4.5 million from Sealaska’s ocean-health business platform, $3.1 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and an additional $11.6 million in Alaska Native Claims Settlement Act Section 7(j) natural resource revenue sharing funds for shareholders with class B or C shares.

Please note that shareholders with class B or C shares will receive two separate payments: one from the Shareholder Settlement Trust inclusive of the dividend from operations and MVY Permanent Fund, and one from Sealaska to include the 7(j) portion.

“We are proud of the stability and diversity reflected across Sealaska’s businesses and investments,” said Executive Chair Joe Nelson. “This makes possible both distributions and an ever-growing variety of programs and benefits for our shareholders. Sealaska’s shareholders are at the center of all we do, and our focus on both people and planet is a path forward that will continue to strengthen this commitment.”

Sealaska intentionally focuses on stability and growth, keeping not just today’s shareholders in mind with our strategic planning and investment strategy, but all those yet to come. This balanced approach, along with intentional reinvestment back into businesses and communities, allows Sealaska to provide shareholder benefits, including distributions. The wide array of benefits offered by Sealaska support Elders, education, workforce development, cultural and language revitalization, community partnerships and more.

This distribution is the sixth made through the Sealaska Settlement Trust, which was passed by shareholder resolution at the 2021 annual meeting. Dividends through the Trust are non-taxable to shareholders. The 7(j) portion of payments to shareholders with Class B and C stock are taxable.

Sealaska shareholders will receive a spring distribution that includes:

$1.48 per share payment from Sealaska operations.

$1.02 per share payment from Marjorie V. Young Shareholder Permanent Fund.

Urban and At-Large shareholders will also receive an ANCSA Section 7(j) payment of $7.32 per share as part of their distribution payment.

The record date for the spring 2024 distribution is Friday, April 12 at 4 p.m. Alaska time. This is the last day for shareholders to complete enrollment, estate settlements or gift stock ahead of the spring distribution. Monday, April 15 is the last day to make any necessary updates to shareholder information via MySealaska.com, such as change of address or enrollment in direct deposit. Shareholders can make changes here.

The most efficient way to contact the Sealaska Shareholder Relations team is by using the messaging feature on MySealaska.com. Shareholders can also contact Shareholder Relations directly at records@sealaska.com, 1.800.848.5921 or in-person at the corporate office.

The spring distribution schedule is as follows:

RECORD DATE
Friday, April 12 at 4 p.m. Alaska time

Shareholder and descendants, be sure to complete any shareholder enrollments by this day, or you will not be eligible for the spring distribution.

Last day to complete enrollment and/or stock transfers prior to the spring distribution. All stock activity must be completed by 4 p.m. Alaska time.

If all stock information is up to date, no action is needed.

LAST DAY TO CHANGE SHAREHOLDER INFORMATION
Monday, April 15 at 4 p.m. Alaska time

Update banking or mailing information on MySealaska.com by 4 p.m. Alaska time.

Shareholders who are on the bad address list will have their dividends withheld until records are updated. Please help your family and friends to ensure their information is updated.

If all shareholder information is up to date, no action is needed.

DISTRIBUTION DATE
Thursday, April 18

Direct deposits are electronically transferred, and checks are mailed.

Please note that while checks are mailed on April 18, they may take up to two weeks to arrive.

The fastest and easiest way to receive your distribution payment is to sign up for direct deposit: https://mysealaska.com/Services/DirectDeposit