Elders’ Settlement Trust payments
The second quarter CIRI Elders’ Settlement Trust payment of $450 is scheduled for June 13, with the remaining 2014 Elders’ payments scheduled for September 12 and December 12. Original shareholders who are 65 years of age or older and who own at least one share of CIRI stock as of these dates are eligible to receive the $450 payments. For the June distribution, eligible Elders who have their CIRI dividends directly deposited will have their trust payments electronically transmitted to the same account by 6 p.m. Alaska Daylight Time on Friday, June 13. Eligible Elders who do not participate in direct deposit will have their payments mailed in check form on June 13.
Second Quarter Dividend
Consistent with CIRI’s dividend policy, second quarter 2014 dividends in the amount of $8.42 per share will be issued on Monday, June 30. If you own 100 shares of stock, your second quarter dividend will be $842. If you participate in direct deposit, your dividend will be electronically transmitted to your account by 6 p.m. Alaska Daylight Time on June 30. Shareholders who do not participate in direct deposit will have their payments mailed in check form on June 30.
Direct Deposit Deadlines
The deadline for signing up for direct deposit or changing an existing direct deposit instruction is 3:00 p.m. on Monday, June 2, for the June Elders’ Trust distribution, and 3:00 p.m. on Monday, June 16, for the second quarter dividend. Direct deposit forms are available from the Shareholder Relations Department, and may also be printed from the CIRI website. To cancel direct deposit, please submit a signed, written request prior to 3:00 p.m. on June 5 for the June Elders’ Trust distribution, and 3:00 p.m. on June 20 for the second quarter dividend.
Address Changes
A list of shareholders who do not have a current mailing address on record is continually updated and located on the CIRI website. To ensure receipt of CIRI mail – including dividends – shareholders should immediately notify the Shareholder Relations Department of address changes and should also update the address on file with the U.S. Postal Service. If the address on the CIRI records does not match the address on file with the Postal Service, CIRI mail and dividends may be returned as undeliverable. When this occurs, CIRI must place the shareholder’s records on hold, and any distributions issued in connection with the CIRI shares are held pending receipt of a valid address.
If your address has changed, please send a signed Address Change Form to CIRI and include a current telephone number so CIRI may contact you with any questions. If you fail to notify CIRI of your new address before the deadline, and your check is sent to your old address, CIRI cannot reissue that check to you unless it is either returned to Shareholder Relations or a minimum of 90 days has elapsed. Address Change Forms can be mailed to CIRI at P.O. Box 93330, Anchorage, AK 99509, or faxed to (907) 263-5186. All faxed requests should be followed up as soon as possible with a call to confirm the fax was received.
Online forms and information on changing your address or submitting a mail-forwarding request with the U.S. Postal Service are available on the Postal Service website, and are also available at your local post office.
Tax reminder
As a reminder, CIRI does not withhold taxes from distributions; however, shareholders who anticipate owing tax on their distributions have the option of making quarterly estimated tax payments directly to the IRS. To find out more about applicable federal and state tax requirements or making quarterly estimated tax payments, please consult with a tax advisor or contact the IRS directly.
