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Sealaska Directors Approve Fall Distribution to 22,950 Shareholders

“Sealaska operations in natural resources, government services, and seafood all have improved income in 2017 as a result of the hard work of Sealaska management,” said Sealaska Chair Joe Nelson.  “We expect the operations dividend payment to nearly double due to continued growth in net income and cash flow. This will be the first increase in an operations dividend over the last five years.”

Sealaska businesses continue to drive Sealaska growth. As a result we are on track to achieve a short-term financial target, to be profitable before 7(i) and investment income. Sealaska will have a strong year of financial results from all income sources including:

  1. Operations
  2. MVY Permanent Fund
  3. Natural Resource 7(i) Income

“Sealaska operations in natural resources, government services, and seafood all have improved income in 2017 as a result of the hard work of Sealaska management,” said Sealaska Chair Joe Nelson.  “We expect the operations dividend payment to nearly double due to continued growth in net income and cash flow. This will be the first increase in an operations dividend over the last five years.”

“Management's goal for the distribution is to create stable, growing dividends from investments and operations,” said Sealaska President and CEO Anthony Mallott. “Sealaska is realizing annual progress since implementing the five-year plan because we are dedicated to our strategy of growing relevant and meaningful businesses.”

Sealaska shareholders are encouraged to register with MySealaska.com. MySealaska is the simplest way to manage and access all of your shareholder information. In early October, we updated the shareholder portal. 

New MySealaska features:

  • Income Verification Now instead of calling Sealaska, you can verify your income directly by logging in to MySealaska. Please note this is not available on the mobile app. 
  • Calculation of an Estimated Pending Distribution Now instead of calling Sealaska to determine how much you will receive, shareholders can visit MySealaska to view how much a pending payment will be. This new feature is now live as of 10.27.17.

There are hundreds of shareholders that Sealaska has lost contact with. Please check the list at this link, to ensure you or your family are not listed. Shareholders have until Monday, November 13, 2017 to update banking information or mailing address.

Distribution Schedule

Friday, October 27, 2017                           
Record Date (last date to make changes to stock)

Monday, November 13, 2017                 
Last day to change shareholder banking info or mailing address

Friday November 17, 2017

Distribution date (direct deposit occurs | mailed checks begin arriving)                     

You May Be Eligible for Cash Prizes

If you are an existing registered MySealaska user or a new user and registered by December 1, 2017 you will be automatically entered into a drawing for prizes.

We are offering prizes to help bring awareness to MySealaska (shareholder portal) and to increase use of this “self-help” shareholder tool. We are also interested in increasing the number of shareholders who have a testamentary on file with Sealaska, to address inheritance of shareholder stock.

Learn what the cash prizes are and other details about the MySealaska Prize Drawing by clicking here.

How a Distribution is Calculated

Sealaska has three income distribution sources. View this graphic to learn more.

 


Shareable Link: https://www.sealaska.com/news/item/2017-10-27/sealaska-directors-approve-fall-distribution-22950-shareholders