Board Declares Fourth Quarter Dividend

At its October board meeting, the CIRI Board of Directors declared a 2004 fourth quarter dividend in the amount of $7 per share and a special Christmas distribution of $3 per share. Shareholders owning 100 shares of stock will receive a $700 dividend and a special Christmas distribution of $300. Again this year, these payments will be combined into one check, which will be mailed or direct deposited on Friday, Dec. 10. This amount represents taxable income to shareholders. CIRI is unable to withhold taxes from dividends; however, shareholders who anticipate owing tax on their dividends have the option of making quarterly estimated tax payments directly to the Internal Revenue Service themselves. To find out more about making quarterly estimated tax payments, consult with a tax advisor, contact the IRS directly, and/or visit the IRS web site, www.irs.gov. CIRI cannot provide tax advice.

Elders’ Settlement Trustees Set 2005 Payment Schedule

In October, the trustees of the Elders’ Settlement Trust approved the 2005 distribution schedule and determined that it would be beneficial to change the payment schedule to coincide with the quarterly payment schedule of CIRI dividends. Instead of being distributed the second Friday of February, May, August and November, the 2005 quarterly Elders’ Settlement Trust distributions will be paid on March 11, June 10, Sept. 9, and Dec. 9. This change should reduce the number of months that some elders lose their SSI payments when their monthly income exceeds the income limitations set by the Social Security Administration. The payments are set for $450 per eligible elder as long as the Trust has assets available to make the distributions.

Prince William Sound Cruises & Tours Lauded by Princess Cruises

Princess Cruises presented Prince William Sound Cruises & Tours with the 2004 Port of Whittier Shore Excursion of the Season award for its Blackstone Bay Cruise out of Whittier. The award is based on positive written comments from Princess Cruise passengers, comments from the onboard shore excursion team, and tour evaluation scores. The captain of the Coral Princess presented the award to Kelly Bender, Prince William Sound Cruises & Tours operations manager, and crew members.