First Quarter Dividend
CIRI mailed or directly deposited its first quarter 2019 dividend of $9.03 per share (or $903 per 100 shares) by 6 p.m. Alaska Daylight Time on Friday, March 29 to all shareholders with a valid mailing address on file.
Resource Revenue Distribution
For shareholders who own at-large shares and have a valid mailing address on file, a resource revenue payment in the amount of $19.2334 per at-large share (or $1,923.34 per 100 shares) will be mailed or directly deposited by 6 p.m. Alaska Daylight Time on Monday, April 1. Resource revenue payments for shareholders who own village-class shares are mailed directly to their village corporations, as required by the Alaska Native Claims Settlement Act (ANCSA). If you have a Qenek portal account, you may access information on the type of stock owned via the portal. Resource revenue payments are made in accordance with Section 7(j) of ANCSA, which directs the sharing of resource revenues among the 12 regional corporations within the state of Alaska.
Other 2019 Distributions
CIRI’s dividend policy states that the total CIRI dividend payment to shareholders in any given year is equal to 3.5 percent of total shareholders’ equity, calculated as of Dec. 31 of the prior year. For 2019, the amounts of the first through third quarter dividends were previously calculated and will be $9.03 per share (or $903 per 100 shares). We are pleased to announce that CIRI’s prior-year financial statements have been reviewed, and confirmed, and the amount of the fourth quarter dividend has been calculated at $10.51 per share (or $1,051 per 100 shares). The below table has been prepared to assist shareholders with planning, and contains the approved dates for the payments CIRI expects to issue to shareholders in 2019: