The amount of the fourth quarter 2015 dividend is $9.99 per share (or $999 per 100 shares). Checks and vouchers will be mailed on Wednesday, December 9, to all shareholders with a valid mailing address on file as of 3 p.m. Tuesday, December 1. 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 Standard Time on December 9.
The fourth quarter CIRI Elders’ Settlement Trust payment is scheduled for Friday, December 11. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of December 11 are eligible to receive the $450 payment. Checks and vouchers will be mailed on December 11 to all eligible Elders with a valid mailing address on file as of 3 p.m. on Tuesday, December 1. 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 Standard Time on December 11. The trustees have not yet set the 2016 schedule of Elders’ payments, but are expected to do so in the near future. Once approved, those dates will be announced in the newsletter and on the CIRI website.
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 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 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 for the fourth quarter distributions is 3:00 p.m. on Monday, November 23. To cancel direct deposit, submit a signed, written request prior to 3:00 p.m. on Tuesday, December 1.
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.