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.
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 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. Additionally, quarterly GreenLink drawings for $500 are conducted from the names of shareholders who participate in direct deposit, have a current CIRI mailing address and have signed up to receive certain communications electronically, rather than in paper form. Access a Qenek account and sign up for eDelivery.
Fourth Quarter Distributions
Fourth quarter payments from the CIRI Settlement Trust (CST) Distribution Fund, in the amount of $11.31 per share (or $1,131 per 100 shares), will be mailed or directly deposited by 6 p.m. Alaska Time on Thursday, Dec. 9 to all CST beneficiaries who own CIRI stock and have a valid mailing address on file with CIRI as of Tuesday, Nov. 30.
Fourth quarter payments from the CST Elders Fund will be mailed or directly deposited by 6 p.m. Alaska time on Friday, Dec. 10 to eligible Elders with a valid mailing address on file as of 3 p.m. Tuesday, Nov. 30. CST beneficiaries who are original CIRI shareholders and are 65 years of age or older on the record date of Thursday, Dec. 9, 2021, are eligible to receive the $450 payment, providing they either own at least one share of CIRI stock or gifted all their CIRI stock prior to July 31, 2003.
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 is 3 p.m. on Monday, Nov. 15 for for both the CST Distribution Fund and the CST Elders Fund Payment. 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 Tuesday, Nov. 30 for the CST Distribution Fund and CST Elders Fund payments. Direct deposit may be cancelled online via the Qenek portal. Otherwise, your signed cancellation request must be received by the deadline.
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.