Checks and vouchers for the second quarter Elders’ Trust distribution will be mailed on Friday, June 10, to all eligible Elders with a valid mailing address on file as of 3 p.m. on Tuesday, May 31. 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. on June 10. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of June 10 are eligible to receive the $450 payment.
Second quarter dividend payments in the amount of $8.70 per share (or $870 per 100 shares) will be mailed or directly deposited by 6 p.m. Alaska Daylight Time on Thursday, June 30, to all shareholders with a valid address on file with CIRI as of 3:00 p.m. on Wednesday, June 22. If you participate in direct deposit and have a current address on file, your payment will be electronically transmitted to your designated account by 6 p.m. on June 30.
Shareholders who participate in direct deposit are eligible for prize drawings. Direct deposit forms are available from Shareholder Relations and here. The deadline to sign up for direct deposit or change an existing direct deposit instruction is 3:00 p.m. on May, 31 for the June Elders’ Trust distribution, and 3:00 p.m. on June 13 for the second quarter dividend. To cancel direct deposit, submit a signed, request prior to 3:00 p.m. on May 31 for the June Elders’ Trust distribution, and 3:00 p.m. on June 22 for the second quarter dividend.
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. 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. CIRI address change forms are available 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 firstname.lastname@example.org 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.