Prepare to Receive a Distribution Payment Using MySealaska.com
There are two ways to receive a Sealaska distribution payment:
- Via direct deposit
- Via mailed check
The fastest and most efficient way to receive a distribution is by direct deposit. Not only does it save money in printing and postage, but also ensures your paper check is not delayed or lost in the mail.
The MySealaska.com shareholder portal also allows you to update your mailing address. If you have recently moved, please update your address by Monday, Nov. 12, 2018.
Q: How Much Is My Check?
This is one of the most asked questions during a distribution announcement. Sealaska has upgraded MySealaska.com to calculate a pending distribution. MySealaska users are able to view a pending distribution amount on their profile in the portal and avoid having to call to learn that amount. This is especially useful for shareholders who have inherited or been gifted shares over the years.
This new MySealaska feature, “pending distribution amount”, is visible on the record date, Nov. 2, 2018 (typically the day of the announcement).
Shareholders With Bad Addresses
If you are expecting a paper check and Sealaska does not have your current address, your check will not be printed or mailed and could be delayed by up to two weeks. Please update your information on MySealaska.com as soon as possible to avoid any delays.
Approximately 1000 Sealaska shareholders may not receive a paper check for the following reasons:
- Shareholders whose mail has been returned to Sealaska
- Shareholders who do not have banking information on file
- Shareholders who DO have banking information on file, but no email address
If you or your family’s name is on the list, please do one of the following:
- Update your contact information by logging into MySealaska
- Download the change of address form and return to Sealaska via fax or in person.