Consistent with CIRI's dividend policy, the CIRI Board of Directors announced a fourth quarter 2013 dividend amount of $ 9.76 per share.
If you own 100 shares of stock, your third quarter dividend will be $976. All fourth quarter dividends will be mailed on Tuesday, December 10, 2013. If you participate in direct deposit, your dividend will be electronically transmitted to your account by 6 p.m. Alaska Standard Time on December 10.
Elders' Settlement Trust payments
The fourth quarter CIRI Elders’ Settlement Trust payment is scheduled for December 13, 2013. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of December 13 are eligible to receive the $450 payment. For the December distribution, eligible Elders who have their CIRI dividends directly deposited will have their trust payments electronically transmitted to the same account by 6 p.m. Alaska Standard Time on Friday, December 13. Eligible Elders who do not participate in direct deposit will have their payments mailed in check form on December 13. The trustees have not yet set the 2014 schedule of Elders’ payments, but are expected to do so in the near future. Once approved, those dates will be announced in the newsletter and on the CIRI website.
As a reminder, dividends represent taxable income to shareholders and portions of the Elders’ payments are also taxable. Although CIRI is unable to withhold taxes from distributions, 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 Monday, November 25, for the fourth quarter dividend and December Elders’ Trust distribution. Direct deposit forms are available from the Shareholder Relations Department, and may also be printed from here. To cancel direct deposit, please submit a signed, written request prior to 3:00 p.m. on December 2 for the fourth quarter dividend and December Elders’ Trust distribution.
Checks and direct deposit vouchers for the fourth quarter dividend and December Elders’ Trust distribution will be mailed to the address CIRI has on record as of 3:00 p.m. on Monday, December 2. 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 deadline 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.
To ensure receipt of CIRI mail – including dividends – shareholders should immediately notify the Shareholder Relations Department of address changes and should also update the address on file with the U.S. Postal Service. If the address on the CIRI records does not match the address on file with the Postal Service, CIRI mail and dividends may be returned as undeliverable. When this occurs CIRI must place the shareholder’s records on hold, and any distributions issued in connection with the CIRI shares are held pending receipt of a valid address.
A list of shareholders who do not have a current mailing address on record is continually updated and may be found here. 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.
Online forms and information on changing your address or submitting a mail-forwarding request with the U.S. Postal Service are available on the Postal Service website, and are also available at your local post office.