Shareholder Relations remains closed due to the COVID-19 pandemic. To reach the department, email email@example.com or call (907) 263-5191 / (800) 764-CIRI and leave a voicemail message. Please note, because staff are working from home, calls made to shareholders will not display CIRI’s name or phone number.
The 47th Annual Meeting of CIRI Shareholders was held via a virtual meeting webcast on Saturday, June 6. One of the most important responsibilities associated with being a CIRI shareholder is to participate in elections by voting to select your Company’s directors. We appreciate the many shareholders who participated in this year’s election. Subject to final certification by the Inspector of Election, the following shareholders were reelected to serve on the Board of Directors for three-year terms ending in 2023: Robert E. Harris, Roy M. Huhndorf, Katrina M. Jacuk, Patrick M. Marrs and Samuel G. Spangler. Once certified, final results will be posted on the CIRI website and published in the Raven’s Circle newsletter. Prize winners have been contacted and their names will also be posted and published.
CST Elders Fund Payments
Second quarter payments from the CIRI Settlement Trust (CST) Elders Fund will be mailed or directly deposited by 6 p.m. Alaska time on Friday, June 12, to eligible Elders with a valid mailing address on file as of 3 p.m. on Thursday, June 4. CST beneficiaries who are original CIRI shareholders and are 65 years of age or older on the record date of June 11, 2020, are eligible to receive the $450 payment, providing they either own at least one share of CIRI stock or gifted all of their CIRI stock to family members prior to July 31, 2003.
Second quarter payments from the CST Distribution Fund, in the amount of $9.46 per share (or $946 per 100 shares), will be mailed or directly deposited by 6 p.m. Alaska time on Tuesday, June 30, to CST beneficiaries who own CIRI stock and have a valid mailing address on file with CIRI as of 3 p.m. on Monday, June 22.
Direct Deposit/Remote Deposit
CIRI urges shareholders who receive their distributions in check form to consider either implementing direct deposit or taking advantage of remote deposit. Both options are fast, easy and eliminate the need to drive to the bank and stand in line. Shareholders who participate in direct deposit and have a current CIRI mailing address are also eligible to participate in quarterly prize drawings. The deadline to sign up for direct deposit or change an existing direct deposit instruction for the second quarter CST Distribution Fund payment is 3 p.m. on June 8. Visit ciri.com or contact Shareholder Relations for direct deposit forms or information on remote deposit.
If you wish to cancel direct deposit, you must do so prior to 3 p.m. on June 22. Direct deposit may be cancelled online via the Qenek portal. Otherwise, your signed cancellation request must be received by the deadline. Visit Qenek to create or access an account. Maintain a current mailing address and access Qenek quarterly in 2020 for a chance to win a YETI Tundra 35 Cooler!
A list of shareholders without a current mailing address on record is continually updated and posted on ciri.com. 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 is signed up for direct deposit. When a shareholder fails to notify CIRI of a new address before a specified deadline and the check is sent to the old address, CIRI cannot reissue that check 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 U.S. Postal Service. The addresses must match or your CIRI mail may not reach you. CIRI address changes may be submitted online via the Qenek portal. Alternatively, you may submit a completed CIRI address change form – available at ciri.com – or a signed, written address change request that includes a current telephone number. Address change forms and requests can be scanned and emailed to firstname.lastname@example.org, mailed to CIRI at PO Box 93330, Anchorage, AK 99509, 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 usps.com or your local post office.
Although CIRI does not withhold taxes from distributions, 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 learn 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. As a reminder, distributions made by the CST are expected to be tax-free to beneficiaries in most cases.