Thank you Arctic Slope Regional Corp. and Nana Corp. for the large increases in Sealaska Corp.'s dividend; record prices on oil and zinc are behind the dividend increases we shareholders are enjoying.
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Remember all those timber dollars going north? Well, it appears 7(i) - a legal provision which requires regional Native corporations to share their revenues from timber, oil, gas and minerals with each other - works in reverse also. Shareholders, you can take credit for the dividend also. After all, shareholders created the permanent fund and it kicked in $178 per 100 shares. The shareholder permanent fund and 7(i) represent $933 of the $1,090 per 100 shares Sealaska is about to distribute.
Bradley J. Fluetsch