Sealaska’s Fall 2024 Distribution is Right Around the Corner

The Sealaska Board of Directors will meet on Friday, November 8, 2024, to approve the amount for Sealaska’s upcoming distribution. Please review the following key dates and complete necessary actions to ensure a seamless distribution.

Key Dates for Shareholders

DISTRIBUTION AMOUNT DETERMINED — Friday, November 8, 2024

On November 8, the Board of Directors will meet to determine the distribution amount. Estimated distribution details will be available to shareholders on MySealaska.com and social media after the meeting, though amounts may be adjusted if any share transfers occur before the record date.

RECORD DATE — Friday, November 8, 2024 @ 4 p.m. AK time

To qualify for the fall distribution, shareholders must complete all enrollment, stock transfers, gifting paperwork and estate transfers by this date.

FINAL DAY TO UPDATE INFORMATION — Friday, November 8, 2024 @ 4 p.m. AK time (in-person) & Sunday, November 10 @ 11:59 p.m. AK time (online)

All shareholder banking and mailing address changes must be updated in-person by 4 p.m. on Friday, November 8 or online via MySealaska.com by 11:59 p.m. AK Time on Sunday, November 10.

DISTRIBUTION DATE – TBA

On the distribution date, direct deposit payments will be available, and checks will be mailed to those not enrolled in direct deposit. Note that while checks will be mailed promptly, they may take up to two weeks to arrive. For faster access, shareholders are encouraged to enroll in direct deposit through MySealaska.com the record date.

Preparing for Your Distribution: Make The Change Checklist

• Direct Deposit Enrollment: For a faster payment, enroll in direct deposit by logging in to MySealaska.com and updating your banking information by 11:59 p.m. AK Time on November 10.
• Address Updates & Bad Address List: If you’ve recently moved, update your mailing address on MySealaska.com to ensure smooth communication and seamless payment of your distribution. Check for your name or family members on the bad address List to ensure no distributions are withheld.
• Stock Transfers & Gifting: Shareholders wishing to transfer or gift shares must complete all paperwork by the official record date. A stock-gifting packet can be requested from Shareholder Relations or downloaded on MySealaska.com.
• Class D Enrollment: Eligible descendants interested in joining Sealaska are encouraged to start enrollment early. Complete the online application process, upload necessary documents, and be sure to submit enrollment by the record date. Learn more about stock classes and eligibility requirements here.

Additional Resources for Shareholders

• MySealaska Account Assistance: Having trouble logging in? Reset your password or contact Shareholder Relations at (800) 848-5921 for further assistance.
• Stock Will Enrollment: Consider updating your stock will to decide how your shares will be managed in the future. Shareholders who complete a stock will by the end of the year will be eligible to win $250. Learn more on MySealaska.com.
• Go Green: Opt for electronic delivery of important notices by selecting “Go Green” under the “About Me” section on MySealaska.com. Receive updates instantly, from annual reports to meeting notices, straight to your inbox.

For further assistance, reach out through the “Message” feature on MySealaska.com under the “About Me” tab, or contact Shareholder Relations at records@sealaska.com. Visit MySealaska.com and connect with us on social media for the latest updates.

About Sealaska distributions:

Sealaska distributions are made up of income from three sources — Business Operations, the Marjorie V. Young Shareholder Permanent Fund and ANCSA Section 7(i) Resource Revenue Sharing.

Only shareholders who hold Class B (urban) and Class C (at-large) shares receive 7(i) Resource Revenue Sharing funds directly from Sealaska. Sealaska sends the 7(j) funds for shareholders of Class A (village) shares directly to village corporations. It is at the discretion of those corporations how or if those funds are then distributed. Class D (descendants), L (left outs), and the additional E (Elders) shares (received by original shareholders upon turning 65) are not eligible for 7(i) payments as these share types are not original shares.