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Corrections: Alaska PFD, Caufield, CBO

Posted: November 4, 2011 - 12:04am

• An article on page A1 of Thursday’s Empire stated that the first quarter performance of the Alaska Permanent Fund’s investment portfolio “could mean a big hit for next year’s dividend, depending on whether the losses are made up during the remainder of the year.”

Permanent fund spokesperson Laura Achee said the annual fund dividend is calculated off of realized gains, incorporating realized losses. The $3 billion loss cited in the article was unrealized. Achee said unrealized losses do not go into the calculation at all — only net realized gains or losses factor into the calculation.

• An article on page A1 of Thursday’s paper provided an incorrect email address for Jan Caufield. The correct address is janc@gci.net.

• An article on page A3 of Thursday’s Empire quoted a bill summary written by the Congressional Budget Office in the article’s closing paragraph. That paragraph containing authorizing language was removed after the CBO did its review. Therefore, the final sentence is incorrect, the bill does not authorize the director of the National Park Service to enter into cooperative management agreements with Sealaska and other groups with cultural ties to Glacier Bay National Park.

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