CIRI distributes three types of payments to eligible Shareholders. These distributions are made on an approved schedule each year. These include Shareholder Distributions, Elder Distributions and 7(j) Distributions. See below to learn more about who qualifies for each type, important distribution sign-up dates and information and answers to frequently asked questions. If you have any questions that are not answered below, please contact Shareholder Relations at 907-263-5191 or shareholderrecords@ciri.com.
Shareholder Distributions
Shareholder Distributions are set by the Board of Directors and distributed by the Distribution Fund of the CIRI Settlement Trust (CST). Distributions are for beneficiaries who are CIRI Shareholders. Currently, CIRI makes an annual contribution to the fund that is equal to 3.5% of the previous year’s ending Shareholders’ equity. Shareholders receive four payments per year from this contribution. The first three distributions are equal to 24% of the total and the fourth is equal to 28% of the total.
| Direct deposit sign-up deadline (3 p.m.) | Address change and cancel direct deposit deadline (3 p.m.) | Record date | Mailing date |
| March 6, 2023 | March 22, 2023 | March 23, 2023 | March 31, 2023 |
| June 12, 2023 | June 23, 2023 | June 26, 2023 | June 30, 2023 |
| Sept. 11, 2023 | Sept. 22, 2023 | Sept. 25, 2023 | Sept. 29, 2023 |
| Nov. 13, 2023 | Nov. 30, 2023 | Dec. 1, 2023 | Dec. 11, 2023 |
Elders Distributions
Elders Fund Distributions are paid to the beneficiaries of the CST who are: original CIRI Shareholders, and alive and 65 years of age or older on the approved dates of record — providing they either own at least one share of CIRI stock or gifted all of their CIRI stock prior to July 31, 2003. CST Elders Fund payments are scheduled to occur in the same months as quarterly Shareholder Distribution payments from the Distribution Fund.
| Direct deposit sign-up deadline (3 p.m.) | Address change and cancel direct deposit deadline (3 p.m.) | Record date | Mailing date |
| Feb. 27, 2023 | March 3, 2023 | March 9, 2023 | March 10, 2023 |
| May 30, 2023 | June 2, 2023 | June 8, 2023 | June 9, 2023 |
| Aug. 28, 2023 | Sept. 1, 2023 | Sept. 7, 2023 | Sept. 8, 2023 |
| Nov. 13, 2023 | Nov. 30, 2023 | Dec. 7, 2023 | Dec. 8, 2023 |
7(j) Distributions
7(j) Distributions are not dividends and are not declared by the Board of Directors. As required by the Alaska Native Claims Settlement Act, or ANCSA, resource revenue payments associated with at-large shares are paid directly to the Shareholder. Resource revenue payments associated with village class shares are paid directly to the underlying village corporation. Resource revenue payments are made in accordance with Section 7(j) of ANCSA, which directs the sharing of resource revenues among the 12 regional corporations within the state of Alaska. See below for more information about what 7(j) Distributions are, where they come from and how they are calculated.
| Direct deposit sign-up deadline (3 p.m.) | Address change and cancel direct deposit deadline (3 p.m.) | Record date | Mailing date |
| March 6, 2023 | March 22, 2023 | March 24, 2023 | April 3, 2023 |
More information about 7(j) Distributions
Congress realized that the lands some regional corporations received as their ANCSA entitlement would be richer in natural resources (i.e., oil, timber, gas, coal, etc.) than others, and attempted to equalize this disparity by incorporating a requirement whereby regional corporations must share resource revenues received from ANCSA lands with the other 12 regional corporations within the state of Alaska.
Section 7(i) and 7(j) of ANCSA address this. Section (i) requires corporations to distribute a percentage of its net resource revenues with the Alaska-based regional corporations. Section 7(j) requires each regional corporation to take its allotment from 7(i) and distribute it equally between itself, the village corporations and at-large Shareholders in its region.
7(i)
After certain allowable costs are deducted, each corporation keeps 30% of its net revenues and divides the remaining 70% among the 12 Alaska-based regional corporations — including the distributing region.
The portion of the 70% pool that each regional corporation receives is calculated based on the number of original enrollees to the corporation under ANCSA.
Because the payments made to the regional corporations are made under Section 7(i) of ANCSA, they are known as 7(i) payments.
7(j)
Under Section 7(j) of ANCSA, the percentage of the 70% pool that a regional corporation receives is divided equally between itself, the village corporations and at-large Shareholders in its region.
CIRI retains 50% for reinvestment, operating expenses and the funding of Shareholder distributions.
The remaining 50% is divided among at-large Shareholders and village corporations in the CIRI region and paid out in the form of CIRI’s annual resource revenue distribution.
It is important to note that although ANCSA requires the regional corporations to pay 7(j) amounts associated with village-class shares to the associated village, it does not require the village corporations to then distribute those amounts to their Shareholders. The decision to do so or not is made by the directors of the respective village corporations. To check if your village corporation distributes payments to Shareholders, check with your tribal or village headquarters.
Because the amount of 7(i) monies CIRI and the other corporations distribute in any given year depends on the resource revenue activities for that year, it is not possible to predict 7(i) amounts. Since the 7(j) amounts depends on the 7(i) payment amounts, the same is true about the resource revenue payments CIRI makes to its at-large Shareholders and village corporations.
The yearly amount of CIRI’s resource revenue distribution is calculated shortly after CIRI’s annual audited financial statements for the prior year are approved. Once calculated, the amounts are immediately announced to Shareholders online, the CIRI newsletter and the distribution hotline (907-263-5100 or 1-800-764-2435), with the actual distribution made shortly thereafter.
