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Posted by Joy Murphy on 5/7/2008, 1:50 pm
206.174.59.34
Shareholders with Class B shares to receive a 7(i) distribution on May 22, 2008 in the amount of $11.71 per share, or $1,171 per 100 shares.
Shareholders owning Class B shares will receive a check based on section 7(i) of the Alaska Native Claims Settlement Act (ANCSA). This section requires each regional corporations share with the other regional corporations 70 percent of the net profits derived from subsurface resources. Shareholders owning Class B shares and village corporations receive the 7(i) distribution based on a formula in ANCSA.
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