The third quarter CIRI Elders’ Settlement Trust payment is scheduled for September 11, with the final 2015 Elders’ payment scheduled for December 11. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of those dates are eligible to receive the $450 payments. Checks and vouchers for the third quarter distribution will be mailed on Friday, September 11, to all eligible Elders with a valid mailing address on file as of 3 p.m. on Thursday, September 3. Elders with up-to-date addresses who have their CIRI dividends directly deposited will have their trust payments electronically transmitted to the same account by 6 p.m. Alaska Daylight Time on September 11.
The amount of the third quarter 2015 dividend is $8.84 per share (or $884 per 100 shares). Checks and vouchers will be mailed on Wednesday, September 30, to all shareholders with a valid mailing address on file as of 3 p.m. Tuesday, September 22. If you participate in direct deposit and have a current address on file, your dividend will be electronically transmitted to your designated account by 6 p.m. Alaska Daylight Time on September 30.
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 returned as 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.
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. CIRI address change forms can be downloaded and printed 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, 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 at your local post office.
Please be aware that 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.
Shareholders who participate in direct deposit are eligible to participate in quarterly prize drawings. Direct deposit forms are available from the Shareholder Relations Department, and by clicking here. The deadline for signing up for direct deposit or changing an existing direct deposit instruction is 3:00 p.m. on Monday, August 31, for the third quarter Elders’ Trust distribution, and 3:00 p.m. on Monday, September 14, for the third quarter dividend. To cancel direct deposit, submit a signed, written request prior to 3:00 p.m. on Thursday, September 3, for the third quarter Elders’ Trust distribution, and 3:00 p.m. on Tuesday, September 22, for the third quarter dividend.
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.