The first quarter Elders’ Settlement Trust payment is scheduled for Friday, March 14. Original shareholders who are 65 or older and who own at least one share of CIRI stock on that date are eligible to receive the $450 payment. Trust payments for eligible Elders who have their CIRI dividends directly deposited will be electronically transmitted to the same account by 6 p.m. Alaska Daylight Time on Friday, March 14, with checks mailed to the remaining eligible Elders that same day. The Trustees are expected to approve the distribution schedule for the remaining 2014 Elders’ payments in the near future.
A first quarter 2014 dividend in the amount of $8.42 per share (or $842 per 100 shares) will be mailed on Friday, March 28, 2014. If you participate in direct deposit, your payment will be electronically transmitted to your designated account by 6 p.m. Alaska Daylight Time on March 28.
As a reminder, CIRI does not withhold taxes from distributions; however, shareholders who anticipate owing tax on their distributions have the option of making quarterly estimated tax payments directly to the Internal Revenue Service themselves. To find out more about applicable federal and state tax requirements or making quarterly estimated tax payments, please consult with a tax advisor or contact the IRS directly.
DIRECT DEPOSIT DEADLINES
The deadline for signing up for direct deposit or changing an existing direct deposit instruction is 3:00 p.m. on Tuesday, March 4, for the March Elders’ Trust distribution, and 3:00 p.m. on Monday, March 17, for the first quarter dividend. Direct deposit forms are available from the Shareholder Relations Department, and may also be printed here. To cancel direct deposit, please submit a signed, written request prior to 3:00 p.m. on March 4 for the March Elders’ Trust distribution, and 3:00 p.m. on March 17th for the first quarter dividend.
Please note that if the address on your CIRI records does not match the address that you have on file with the United States Postal Service, your CIRI mail-including dividends-may not reach you. A list of shareholders who do not have a current mailing address on record is continually updated and may be found here.
Checks and direct deposit vouchers for the March Elders’ Settlement Trust distribution will be mailed to the address CIRI has on record as of 3:00 p.m. on Thursday, March 6, and first quarter dividend checks and vouchers will mail to the address CIRI has on record as of 3:00 p.m. on Wednesday, March 19. Checks cannot be picked up at the CIRI office. Please be aware that if you fail to notify CIRI of a new address before the specified deadlines and your check is sent to your old address, CIRI cannot reissue that check to you unless it is either returned to us, or a minimum of 90 days has elapsed. Please also note that if the address on your CIRI records does not match the address that you have on file with the United States Postal Service, your CIRI mail—including dividends—may not reach you.
If your address has changed, be sure to send a signed address change request to CIRI and be sure to also update your address with the United States Postal Service. CIRI address change forms can be downloaded and printed from here, or you may send a signed, written address change request that includes a current telephone number. Address change forms can be mailed to CIRI at PO Box 93330, Anchorage, AK 99509, or faxed to 907-263-5186; however, if faxed, please call shareholder relations as soon as possible to confirm receipt. Forms and information on changing your address or submitting a mail-forwarding request with the U.S. Postal Service are available at www.usps.com, at your local post office, or by calling 1-800-ASK-USPS.