Elders’ Settlement Trust payments
The second quarter CIRI Elders’ Settlement Trust payment of $450 is scheduled for June 14, with the remaining 2013 Elders’ payments scheduled for September 13 and December 13.
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. For the June distribution, eligible Elders 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 Friday, June 14. Eligible Elders who do not participate in direct deposit will have their payments mailed in check form on June 14.
Second Quarter Dividend
Consistent with CIRI’s dividend policy, the CIRI Board of Directors announced a second quarter 2013 dividend amount of $8.41 per share. If you own 100 shares of stock, your second quarter dividend will be $841.
All second quarter dividends will be mailed on Friday, June 28, 2013. If you participate in direct deposit, your dividend will be electronically transmitted to your account by 6 p.m. Alaska Daylight Time on June 28.
Direct Deposit Deadlines
The deadline for signing up for direct deposit or changing an existing direct deposit instruction is 3:00 p.m. on Monday, June 3, for the June Elders’ Trust distribution, and 3:00 p.m. on Monday, June 17, for the second quarter dividend. Direct deposit forms are available from the Shareholder Relations Department, and may also be printed from here. To cancel direct deposit, please submit a signed, written request prior to 3:00 p.m. on June 3 for the June Elders’ Trust distribution, and 3:00 p.m. on June 17 for the second quarter dividend.
Checks and direct deposit vouchers for the June Elders’ Settlement Trust distribution will be mailed to the address CIRI has on record as of 3:00 p.m. on Thursday, June 6, and second quarter dividend checks and vouchers will mail to the address CIRI has on record as of 3:00 p.m. on Thursday, June 20. Checks cannot be picked up at the CIRI office.
Shareholders should note that a new automated system implemented by the U.S. Postal Service makes it mandatory for shareholder addresses on record with the CIRI Shareholder Relations Department to match the address that is on file with the Postal Service. If not, your CIRI mail and dividend checks may not reach you.
If your address has changed, send a signed Address Change Form available here to CIRI. Include a current telephone number so CIRI may contact you if questions come up. If you fail to notify CIRI of your new address before the deadline, and your check is sent to your old address, CIRI cannot reissue that check to you unless it is either returned to Shareholder Relations or a minimum of 90 days has elapsed.
Change of address forms can be mailed to CIRI at P.O. Box 93330, Anchorage, AK 99509, or faxed to (907) 263-5186. All faxed requests should be followed up with a call to confirm it was received. Online forms and information on changing your address or submitting a mail-forwarding request with the U.S. Postal Service are available on the Postal Service website, and are also available at your local post office.
As a reminder, dividends represent taxable income to shareholders and portions of the Elders’ payments are also taxable. Although CIRI is unable to withhold taxes from distributions, shareholders who anticipate owing tax on their distributions have the option of making quarterly estimated tax payments directly to the IRS 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.