One of the largest regional Native corporations in the state will distribute $19.2 million to shareholders later this month.
Sealaska Corp.’s approximately 26,000 shareholders will get somewhere between $250 and $982 per 100 shares depending on their status, according to a corporation announcement Friday. Shareholders are primarily Tlingít, Haida and Tsimshian who are in or related to people from Southeast Alaska.
Sealaska’s board of directors approved the amount of the distribution during a meeting in Juneau on Friday. The funds should be sent out on April 18. Shareholders can determine their specific payment amounts by logging into MySealaska.com.
The bulk of the distribution – $11.6 million – comes from Alaska Native Claims Settlement Act natural resources revenue that is shared between regional corporations across the state, while $4.5 million is from Sealaska’s ocean-heath businesses, and $3.1 million from a shareholder permanent fund, according to a corporation media release.