Sealaska Board Adds $25 Million to Shareholder Permanent Fund
Thursday, May 26, 2022
In April, the Sealaska board approved a resolution to add $25 million in earnings from Sealaska’s carbon sequestration program to the Marjorie V. Young Shareholder Permanent Fund. The $25 million addition brings the balance of the fund to more than $175 million. The addition will help provide stability to distributions from the fund if shareholders approve the 2022 proxy resolution to eliminate the blood quantum requirement for enrollment, which will result in thousands of newly eligible shareholders.
“It seems fitting for our carbon program, which is operating on a 100-year timeline, to contribute to long-term distribution stability for current and future generations,” said Sealaska President and CEO Anthony Mallott.
In the April 2022 distribution, $1.01 per share of the distribution or $2.6 million of the $21.3 million total came from the MVY fund. Sealaska’s distributions are calculated based on an established formula. The MVY portion of each distribution is based on a percentage of the market value of the fund — up to 4% for the year. Adding to the fund increases the amount that can earn interest and income when invested in the market, although results fluctuate based on the overall economy.
News Search
471 results found
Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
Early birds, it’s your time to fly! Congratulations to our 2024 winners.
Sealaska shareholders are invited to join us at our upcoming in-person and virtual community meetings to learn more about Sealaska business operations, upcoming opportunities and connect with fellow shareholders and descendants.
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2023. Printed 1099 tax forms will be mailed on or before Jan. 26.
Film is a mirror: Sealaska shareholder descendant Miciana Hutcherson reflects on Black History Month
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2022. Printed 1099 tax forms will be mailed on or before Jan. 27.
What Are Shareholders Saying? How does blood quantum impact your life?We asked this simple question and more than 600 shareholders answered, so far. Below are a few of the perspectives we shared via our social channels. Some of these posts you will love. Some you may not. Sealaska has not taking a position, we are …