Shareholder Relations remains closed to visitors due to the COVID-19 pandemic. To reach the department, email [email protected] or call (907) 263-5191 / (800) 764-CIRI and leave a voicemail message. Please note, because some staff are still working from home, calls made to shareholders may not display CIRI’s name or phone number.
2020 Tax Information
The 2020 quarterly payments from the CIRI Settlement Trust Distribution Fund and the CIRI Settlement Trust Elders Fund are nontaxable; thus, tax forms will not be issued, and the payments will not be reported to the Internal Revenue Service.
For those who received taxable payments from CIRI, such as resource revenue payments, prizes, Shareholder Participation Committee fees or taxable estate settlement payments, IRS form 1099s were mailed no later than February 1. Please note you might receive more than one type of 1099, depending on the type of income received from CIRI. Additional 2020 tax information was included in the December Raven’s Circle newsletter.
Shareholders with Qenek portal accounts may view and print their 1099s before copies arrive in the mail. An email will be sent to let you know when the forms are available in Qenek.
It is your responsibility to accurately report your CIRI income on your tax returns and CIRI cannot provide tax advice. The proper IRS forms and schedules to use when completing your tax return may vary depending on the types of CIRI payments received. Shareholders are encouraged to consult with a tax advisor regarding individual circumstances and applicable federal and state tax requirements.
2021 Annual Meeting of Shareholders
The 48th Annual Meeting of CIRI Shareholders was held via a virtual meeting webcast on Saturday, June 5, 2021. 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 elected to serve on the Board of Directors for three-year terms ending in 2024: Douglas W. Fifer, Jeffrey A. Gonnason, Michelle B. Lindersmith, Cynthia L. Muller and Louis Nagy Jr. Once certified, final results will be posted at ciri.com and published in the Raven’s Circle newsletter. Prize winners have been contacted and their names will also be posted and published.
2021 Shareholder and Elders’ Distributions
*PAYMENTS FROM THE CST DISTRIBUTION FUND
A schedule containing the dates and amounts of all distributions expected to be issued in 2021 has been prepared to assist shareholders with planning and has been updated with the amount of the fourth quarter distribution. The schedule may be accessed in the Qenek portal. Shareholders and descendants who maintain current mailing and email addresses and access Qenek on a quarterly basis have their names included in quarterly drawings for a YETI cooler. The next GreenLink drawing for $500 will be conducted from the names of shareholders with current CIRI mailing addresses who, by June 30, have signed up to receive certain communications electronically, rather than in paper form. Access a Qenek account and sign up for eDelivery.
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 11 to eligible Elders with a valid mailing address on file as of 3 p.m. on Thursday, June 3. CST beneficiaries who are original CIRI shareholders and are 65 years of age or older on the record date of June 10, 2021, 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 prior to July 31, 2003.
Second quarter payments from the CST Distribution Fund, in the amount of $9.67 per share (or $967 per 100 shares), will be mailed or directly deposited by 6 p.m. Alaska Time on Wednesday, June 30 to all CST beneficiaries who own CIRI stock and have a valid mailing address on file with CIRI as June 22, 2021.
CIRI urges shareholders who receive their distributions in check form to consider signing up for 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 for $500. The deadline to sign up for direct deposit or change an existing direct deposit instruction for the CST Distribution Fund payment has passed. If you wish to cancel direct deposit, you must do so prior to 3 p.m. on June 22 for the CST Distribution Fund payment. 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.
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 it 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 address change request that includes a current telephone number. You may scan or take a photo of your completed form or request and email it to [email protected], mail it to CIRI at PO Box 93330, Anchorage, AK 99509, or fax it 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.
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.