CIRI’s 50-Year Timeline

CIRI incorporated

Legislation enacting the Terms and Conditions for Land Consolidation and Management in the Cook Inlet Area (T&C) passes Congress, which allows CIRI to select resource-rich lands in the region and bid on federal properties in other parts of the U.S.

CIRI builds its first commercial real estate investment, the CIRI Building, which houses the company’s headquarters for the next 38 years

CIRI pays first dividend of $1.15 per share (or $115 per 100 shares) to Shareholders

Regional corporations sign Section 7(i) Agreement, which requires land-owning regional corporations to distribute 70% of revenues received from certain resources into a common pool to be allocated among the 12 regional corporations

The first Peak Alaska Invitational Golf Tournament (now the CIRI Golf Classic) is held, with proceeds benefitting The CIRI Foundation  

CIRI holds its first Friendship Potlatch

1991 Amendments to ANCSA signed into law, which allow Alaska Native corporations to expand Shareholder enrollment eligibility

To provide an additional avenue for Shareholder input, CIRI establishes three Shareholder Participation Committees—Anchorage; Alaska (outside Anchorage); and Lower 48 and Hawaii

CIRI establishes and funds an Elders’ settlement trust

CIRI and The CIRI Foundation introduce an informal CIRI Descendant registration process (process is formalized to include Descendant identification cards in 2014)

Fire Island Wind begins commercial operation

CIRI’s headquarters moves to the Fireweed Business Center in Anchorage

A magnitude 7.1 earthquake hits Anchorage. CIRI’s Fireweed Business Center sustains only minor damage during the quake

Shareholders vote to establish the CIRI Settlement Trust (CST), which allows both Shareholders and the corporation to take advantage of significant tax savings

The COVID-19 pandemic hits U.S. shores in January. CIRI transitions to a work-from-home model from March 2020 through June 2021

CIRI receives its allocation of Coronavirus Aid, Relief, and Economic Security (CARES) Act funding in the amount of $111.8 million. CIRI works with its tribally designated organizations to benefit CIRI stakeholders negatively impacted by the COVID-19 pandemic

For the first time in CIRI’s history, Shareholder distributions from CST Distribution Fund exceed $10 per share. CIRI and the CIST have paid cumulative distributions totaling more than $1.2 billion to CIRI Shareholders