CIRI distributed resource revenue payments to its at-large shareholders in the amount of $13.8833 per share, or $1,388.33 to at-large shareholders who own 100 shares, on Tuesday, April 2. Section 7(i) of the Alaska Native Claims Settlement Act (ANCSA) requires each regional corporation to share 70 percent of its net resource revenues received from ANCSA lands with the other regional corporations. Under section 7(j) of ANCSA, the money each regional corporation receives under section 7(i) is divided equally between itself and the village corporations and at-large shareholders in its region. The directors of each village corporation determine whether to distribute the 7(j) amounts it receives to its shareholders. Additional information on resource revenue payments can be found online at ciri.com/?p=806.
