Sealaska Distribution Overview Recap – Fall 2022
Wednesday, November 9, 2022
Sealaska shareholders tuned in from locations around Alaska and the country yesterday to hear an overview of the fall distribution from Sealaska President and CEO Anthony Mallott. The distribution, which was issued to those with direct deposit today, is the third made through the Sealaska Settlement Trust, which was established by shareholder vote in 2021.
Mallott was joined by Director Morgan Howard, who serves as chair of the finance committee and provided background and a board perspective for shareholder Q&A. Mallott and Howard provided a high-level breakdown of the distribution process, including income sources, factors that can impact distribution amounts and a look into what to expect in the coming months based on market factors.
Sealaska’s distributions are made up of funds from three sources: Sealaska operations, the Marjorie V. Young Shareholder Permanent Fund and the Alaska Native Claims Settlement Act’s Section 7(i) resource revenue sharing. Distribution payments from both Sealaska operations and the permanent fund are calculated using a five-year average, which helps stabilize dividends from the volatility of the investment market, said Mallott.
By creating trusts and endowments that grow over time, Sealaska provides for both current and future generations, added Howard, referencing the Tlingit concept of Haa Shagoon – past, present, future. “For me, it means understanding our descendants and our ancestors and our place among them,” he said. “It’s giving weight to our ancestors and descendants when we make decisions.”
Both Howard and Mallott went on to explain that, although distributions are the most tangible, they are far from the only benefits Sealaska provides to shareholders. Sealaska invests in shareholder priorities and our shared vision for the future, which includes:
- Language revitalization
- Scholarships
- Internships (2023 internships are open now!)
- Education, training and workforce development
- Elder benefits
- Advocacy for our way of life
A question-and-answer session followed the presentation. Questions were addressed regarding descendants, carbon credits, climate change, business operations and more. For more information, please contact corpcomm@sealaska.com.
View the full event video below.
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