Parnell plans PFD announcement

Posted: Monday, September 21, 2009

FAIRBANKS - Gov. Sean Parnell has planned a press conference to announce the amount of the 2009 Alaska Permanent Fund dividend.

Parnell will announce the check amount at 5 p.m. Wednesday in Anchorage.

Record-high checks of $2,069 check were distributed last year.

The amount of investment earnings allocated to dividends is based on a five-year average of fund performance.

The poor market performance last year will mean smaller checks. The fund lost 17.4 percent of its value for the year, which closed June 30.

The payment schedule this year begins Oct. 8 for applicants who applied early and requested direct deposit. Checks will be mailed starting Oct. 22.

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