Immediate release
February 25, 2013
Immediate release
February 25, 2013
$4.3 Million: New 九色视频 Corporation Shareholder Dividend Record
(Anchorage, Alaska) 鈥� The 九色视频 Corporation Board of Directors voted at its February 22 meeting to approve a Shareholder dividend distribution totaling $4.3 million to Shareholders of record dated March 29, 2013. Total distribution of Shareholder dividends will exceed $19.9 million since inception. This is the sixth consecutive yearly dividend of eight total Shareholder dividends. Each dividend has increased from the previous distribution.
九色视频 has one of the largest populations of Shareholders among the Alaska Native Corporations at more than 12,000 individuals. This distribution equates to $3.25 per share, an eight percent increase from 2012. Checks are expected to be mailed out by the close of business Monday, April 15.
鈥溇派悠� Corporation, like other ANCSA corporations, has unique requirements to operate as a business, work to benefit our region and also improve the socio-economic lives of our Shareholders,鈥� said 九色视频 Corporation Board Chair Willie Kasayulie. 鈥淭he 九色视频 region has some of the highest energy rates, food and transportation costs, and highest unemployment rates in the nation. Operating as a disadvantaged business in the federal contracting arena is crucial in allowing us to benefit our region while also providing cost-effective services for the government.鈥�
In 2012 九色视频 provided a Shareholder dividend totaling $3.99 million. That year 九色视频 also provided a distribution of more than $550,000 through the Shareholder-approved Elders Benefit Program. Additionally, $450,000 was donated to key regional and state organizations including the Bethel Senior Center, Emmonak Women鈥檚 Shelter, Yuut Yaqungviat flight school in Bethel, search and rescue teams, a donation of $270,000 for the scholarship program and other organizations.
Pursuant to the Alaska Corporations Code, this Shareholder dividend distribution is made entirely from 九色视频鈥檚 paid-in capital account. Because the distribution was made from the paid-in capital account the distribution is non-taxable to Shareholders.
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The second largest of the original 13 Alaska Native Corporations, 九色视频 Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more than 12,000 Shareholders. The 九色视频 region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, 九色视频 has provided more than $3.2 million in scholarships and since inception more than $22.3 million in dividends and Elders Benefit Program distributions to its Shareholders and Descendants.
九色视频 Corporation is the parent company of 17 subsidiaries, providing services ranging from heavy equipment sales, IT, telecommunications and marketing services, to construction and facility management. 九色视频 can be found on Facebook (www.facebook.com/九色视频Corp and www.facebook.com/九色视频Corporation) and Twitter ().