Distribution Deadlines

Shareholder Relations remains closed due to the COVID-19 pandemic. To reach the department, email shareholderrecords@ciri.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.

Shareholder Distributions

Fourth quarter payments from the CIRI Settlement Trust (CST) Distribution Fund, in the amount of $10.83 per share (or $1,083 per 100 shares), will be mailed or directly deposited by 6 p.m. Alaska Standard time on Wednesday, Dec. 9 to CST beneficiaries who own CIRI stock and have a valid mailing address on file with CIRI as of 3 p.m. on Monday, Nov. 30.

CST Elders Fund Payments

Fourth quarter payments from the CST Elders Fund will be mailed or directly deposited by 6 p.m. Alaska Standard time on Friday, Dec. 11 to eligible Elders with a valid mailing address on file as of 3 p.m. on Monday, Nov. 30. CST beneficiaries who are original CIRI shareholders and are 65 years of age or older on the record date of Dec. 10 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.

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 environmentally friendly. 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 December distributions is 3 p.m. on  Nov. 16. 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 Nov. 30. 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!

Address Changes

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 shareholderrecords@ciri.com, 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.

Tax Reminder

Neither CIRI nor the CST withhold taxes from distributions; however, individuals 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.