7(j) Distributions to Class B Shareholders :
7(j) distribution to at-large shareholders and village corporations is $9.70 per share. They are scheduled to be mailed and deposited on May 4th. Please have all address changes and direct deposits in by April 22nd.
*7(j) distributions are not dividends and are not declared by the Board of Directors. Resource revenue payments for shareholders who own village-class shares are mailed directly to their village corporations, as required by the Alaska Native Claims Settlement Act, or ANCSA. Resource revenue payments are made in accordance with Section 7 (j) of ANCSA, which directs the sharing of resource revenues among the twelve regional corporations within the state of Alaska.
Direct Deposit Recipients
TAC will email all direct deposit statements to shareholders with an email on file. In an effort to be more environmentally responsible, eliminating mailing of direct deposit statements will also reduce costs of printing and postage expenses. The dividend and distribution amounts are always accessible through the shareholder portal and will be available to print upon request. TAC staff will work diligently and safely to get checks mailed by May 4th. Please email the shareholder department if you have any questions at records@aleutcorp.com.