Fourth quarter dividend payments in the amount of $10.42 per share (or $1,042 per 100 shares) will be mailed or directly deposited by 6 p.m. Alaska Standard Time on Thursday, December 8, to all shareholders with a valid address on file with CIRI as of 3:00 p.m. on Wednesday, November 30. 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 December 8.
Checks and vouchers for the fourth quarter Elders’ Trust distribution will be mailed on Friday, December 9, to all eligible Elders with a valid mailing address on file as of 3 p.m. on Wednesday, November 30. 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 December 9. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of December 9 are eligible to receive the $450 payment. The trustees are expected to set the 2017 schedule of Elders’ payments in the near future. Once approved, those dates will be announced in the newsletter and on the CIRI website. It is anticipated that the dates will once again be set for the second Fridays of March, June, September and December, the same months as CIRI’s quarterly dividend payments.
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 Monday, November 21 for the fourth quarter distributions. If you wish to cancel direct deposit, you must do so prior to 3:00 p.m. on Wednesday, November 30. 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. Click 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 on 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. 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, 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.