Sealaska Board Adds $25 Million to Shareholder Permanent Fund
Thursday, May 26, 2022
In April, the Sealaska board approved a resolution to add $25 million in earnings from Sealaska’s carbon sequestration program to the Marjorie V. Young Shareholder Permanent Fund. The $25 million addition brings the balance of the fund to more than $175 million. The addition will help provide stability to distributions from the fund if shareholders approve the 2022 proxy resolution to eliminate the blood quantum requirement for enrollment, which will result in thousands of newly eligible shareholders.
“It seems fitting for our carbon program, which is operating on a 100-year timeline, to contribute to long-term distribution stability for current and future generations,” said Sealaska President and CEO Anthony Mallott.
In the April 2022 distribution, $1.01 per share of the distribution or $2.6 million of the $21.3 million total came from the MVY fund. Sealaska’s distributions are calculated based on an established formula. The MVY portion of each distribution is based on a percentage of the market value of the fund — up to 4% for the year. Adding to the fund increases the amount that can earn interest and income when invested in the market, although results fluctuate based on the overall economy.
Latest News
2025 Early Bird Prize Winners
Posted 6/10/2025Congratulations to our 2025 winners. At Sealaska, we are deeply grateful for your participation in this year’s election. Selecting exceptional leaders to help guide our shared future is one of the most meaningful ways for shareholders to engage with us. These winners were randomly selected from the pool of early birds by the Inspectors of Election. All payments will be processed this week and delivered via the payment method on file for distributions in MySealaska.com.
.jpg)
Sealaska Seeking Applicants for President
Posted 6/3/2025We are continuing our search for a dynamic and visionary leader to serve as Sealaska’s president. It is important that we find the right candidate to fill this position, which is why the Sealaska board of directors is being as exacting as possible as we search for a candidate capable of amplifying the impact of our mission and providing benefits that empower our shareholders. To this end, the Sealaska board of directors recently revised the job description for the position of president and sought the assistance of a professional recruiting firm. Our hope is to announce a successful candidate as our new president this coming summer.
Shareholder Proxy Update
Posted 5/12/2025Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
Early Bird Deadline Extended
Posted 5/12/2025After considering the recently announced U.S. Postal Service delays to First-Class Mail in conjunction with a paper proxy error leading shareholders who wish to vote by mail to potentially wait for their regularly scheduled second proxy mailing, we have made the decision to extend the early bird deadline to June 6. We are listening to shareholders and want to give everyone the best chance to qualify as an early bird. Thank you for understanding and thank you for voting.
Sealaska Announces Beginning of Election Season
Posted 5/2/2025