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Shareholders with Class B shares to receive a 7(i) distribution on May 22, 2008 in the amount of $11.71 per share, or $1,171 per 100 shares.
Shareholders owning Class B shares will receive a check based on section 7(i) of the Alaska Native Claims Settlement Act (ANCSA). This section requires each regional corporations share with the other regional corporations 70 percent of the net profits derived from subsurface resources. Shareholders owning Class B shares and village corporations receive the 7(i) distribution based on a formula in ANCSA.
If you would like to have this distribution direct deposited to your account, please verify your banking information on file with Shareholder Records, toll-free at 1-888-478-4755 ext. 2040. For new accounts, please download the direct deposit application. Print and complete the form and return it to Shareholder Records as soon as possible.
The deadline to change or update your address or direct deposit for the May 2008 7(i) distribution is: Thursday, May 1, 2008.
Update Address or Direct Deposit Info today
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