Sealaska Announces Spring 2025 Distribution of $17.7 Million

Sealaska is announcing a Spring 2025 distribution totaling $17.7 million to be issued to shareholders on Thursday, April 17. Sealaska’s board of directors approved the distribution at a meeting held this Friday, April 11.

The upcoming distribution includes dividends totaling $2.9 million from Sealaska’s operations, $3.3 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and an additional $11.5 million in Alaska Native Claims Settlement Act Section 7(j) natural resource revenue sharing funds for shareholders with class B or C shares.

In line with Sealaska’s mission to strengthen our people, culture, and homelands, this spring distribution joins other continued investments in our communities and region, including $27 million invested in shareholder benefits and programs throughout 2024. Mission and governance spending raises that total to $34 million. These numbers represent additional funding for our cultures and communities, beyond the twice-yearly distributions.

Over the past 10 years, Sealaska has invested more than $83 million in social and cultural endeavors, including support for Sealaska Heritage Institute, the Southeast Sustainable Partnership, education and youth programs, career development initiatives, and other programs. In addition, during that time, Sealaska’s Scholarship, Deishu Memorial and Elders Funds distributed another $17 million to shareholders, and the company funded the $7 million tax obligation associated with paying shareholder dividends through the Settlement Trust.

Important dates and times:

Friday, April 11: 4 p.m. AKT

Record Date: This is the last day for descendant enrollment, giftings or estate transfers to be included in this distribution.

Monday, April 14: 4 p.m. AKT (in-office) and 11:59 p.m. AKT (online)

Deadline for shareholder banking and address changes. If you have recently moved, update your mailing address on MySealaska.com to ensure timely communication and distribution payments. Check for your name or family members on the bad address list to avoid withheld distributions, as Sealaska withholds distributions for shareholders without an accurate address on file to prevent fraud and ensure payments reach the correct person. Please remind family and friends to keep their information up to date.

Thursday, April 17 – Distribution Day

Please note that while checks are mailed on April 17, they may take up to two weeks to arrive. Direct deposits may take up to two days before they are available in your bank account.

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