After Dec. 31, CIRI’s Accounting and Finance Department will be able to determine the proper treatment of the various types of distributions CIRI made to shareholders in 2011 with respect to IRS Forms 1099 reporting requirements. Once the proper treatment is determined, the dividend hotline and CIRI website will be updated. An article discussing how CIRI distributions will be reported to the IRS will also appear in a future issue of Raven’s Circle. CIRI’s IRS Forms 1099 will be mailed to shareholders no later than Jan. 31, 2012, as required by law.
Mission
The mission of CIRI is to promote the economic and social well-being and Alaska Native heritage of our Shareholders, now and into the future, through prudent stewardship of the company’s resources, while furthering self-sufficiency among CIRI Shareholders and their families.
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Cook Inlet Region, Inc. (CIRI) is one of 12 regional corporations established in Alaska by the Alaska Native Claims Settlement Act of 1971. CIRI is owned by nearly 9,500 Shareholders, primarily of Athabascan, Southeast Indian, Inupiat, Yup’ik, Alutiiq/Sugpiaq and Aleut/Unangax descent.
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