Sealaska announces Fall 2020 distribution date

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Thursday, October 8, 2020 at 1:13 AM

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Juneau, Alaska (KINY) - Sealaska’s fall distribution will occur a few weeks earlier than normal to help provide financial relief to shareholders due to the ongoing pandemic.

Shareholders are encouraged to complete and/or update any enrollment or stock transfer paperwork by the official record date for the fall distribution.

The distribution date is Friday, Oct. 30, 2020.

The record date is 4 p.m., Wednesday, Oct. 14, 2020.

“We are fortunate to be in a position to provide a fall distribution and make it happen earlier than normal,” said Board Chair Joe Nelson. “The pandemic is putting a lot of strain on everyone physically, mentally, and financially.”

“Sealaska’s operational performance over the past several years is contributing to stable dividend payments for shareholders,” said Anthony Mallott, president and CEO. “We are focused on maintaining the financial success that resulted in $16 million in dividend payments from operations and investment in 2019. The early spring distribution payment this past March directed $23.7 million to shareholders at the onset of 

Shareholders will need to update information on MySealaska.com by 11:59 p.m. on Monday, Oct. 26, 2020. If all of your information is up-to-date, you do not need to do anything.

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