Checks and vouchers for the 2018 second quarter Elders’ Trust distribution will be mailed or directly deposited by 6 p.m. Alaska Daylight Time on Friday, June 8, to eligible Elders with a valid mailing address on file as of 3 p.m. on Thursday, May 31. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of June 8 are eligible to receive the $450 payment.
2018 second quarter dividend payments in the amount of $8.87 per share (or $887 per 100 shares) will be mailed or directly deposited by 6 p.m. Alaska Daylight Time on Friday, June 29, to all shareholders with a valid address on file with CIRI as of 3 p.m. on Thursday, June 21. The Shareholder Relations department will close at noon on Friday, June 29 and reopen at 8 a.m. on Monday, July 2.
CIRI urges shareholders who receive their dividends in check form to consider either implementing direct deposit or taking advantage of remote deposit. Both options are fast, easy and eliminate the need to drive to the bank and stand in line. Shareholders who participate in direct deposit and have a current CIRI mailing address are also eligible to participate in quarterly prize drawings. The deadline to sign up for direct deposit or change an existing direct deposit instruction is 3 p.m. on June 11 for the second quarter dividend. Visit ciri.com or contact Shareholder Relations for direct deposit forms or information on remote deposit.
If you wish to cancel direct deposit, you must do so prior to 3 p.m. on June 21 for the second quarter dividend. If you have a Qenek portal account, you can cancel your existing direct deposit instruction online via the portal. Otherwise, your signed, written cancellation request must be received by the deadline. Visit here to learn more about the portal or to create a Qenek account.
A list of shareholders who do not have a current mailing address on record is continually updated and may be found here. When CIRI mail is undeliverable, distributions are held and the shareholder does not qualify to participate in any prize drawings until the address is updated. This is true even if a shareholder has his or her dividends electronically deposited. Additionally, if you fail to notify CIRI of a new address before a 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.
If your address has changed, be sure to update your address with both CIRI and the United States Postal Service. These addresses must match or your CIRI mail may not reach you. If you have a Qenek portal account, you can submit an address change update online via the portal. Alternatively, you may submit a completed CIRI address change form – available here – or a signed, written address change request that includes a current telephone number. Address change forms and requests can be mailed to CIRI at PO Box 93330, Anchorage, AK 99509, photographed or scanned and emailed to email@example.com, or faxed to 907-263-5186. 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 or your local post office.
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.