Sealaska Spring 2024 Distribution Date Announced
Tuesday, March 19, 2024
The Sealaska Board of Directors will meet on Friday, April 12, 2024, to approve the amount for Sealaska’s 2024 spring distribution. The distribution will take place on Thursday, April 18.
Shareholders can prepare for a seamless distribution by completing any enrollment or stock transfer paperwork, including gifting or inheritance, by Friday, April 12 at 4 p.m. The last day to make changes to addresses or direct deposit information is Monday, April 15, , before close of business, or online via MySealaska.com.
Here are key dates for shareholders:
DISTRIBUTION AMOUNT DETERMINED — April 12, 2024
- The Board of Directors meets to determine the distribution amount. The distribution amounts are typically shared late-afternoon.
- After the distribution amount is determined, estimated distribution information will be available to shareholders when logged in to MySealaska.com. Estimated payments on MySealaska are subject to change if any share transfers are completed before the record date.
RECORD DATE — Friday, April 12
- Last day to complete enrollment, stock transfers or gift transferable shares (gifting packet can be found here) prior to the spring distribution. All stock activity must be completed by 4 p.m. Alaska time.
LAST DAY TO UPDATE SHAREHOLDER INFORMATION – Monday, April 15
- Update banking or mailing information on MySealaska.com by 11:59 p.m. Alaska time. Be sure to check if you or a shareholder you know is on the bad address list.
- To qualify for a Sealaska distribution, you must have completed all related processes by the record date. Shareholders with incomplete enrollment or bad addresses will have their distribution withheld.
- If all shareholder information is up to date, no action is needed.
DISTRIBUTION DATE – Thursday, April 18
- Direct deposits are electronically transferred, and checks are mailed.
- Please note that while checks are mailed on April 19, they may take up to two weeks to arrive. The fastest and easiest way to receive your distribution payment is to sign up for direct deposit.
Questions? The most effective way to contact Shareholder Relations is through the MySealaska “Message” feature, found under “About Me” when logged in to MySealaska.com. You can also send an email to records@sealaska.com or call 1.800.848.5921.
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.
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