СʪСʪÙs Akilista Distribution Exceeds $4 Million for First Time
Over 36,900 Shareholders to Receive Record Payment
October 16, 2023

(Anchorage, Сʪ) СʪÓ The Сʪ Corporation Board of Directors and the Trustees of the Сʪ Settlement Trust has approved a record $4.14 million Akilista (AW-kee-LIS-tah) distribution to Shareholders. Over 36,900 Shareholders qualify to receive this distribution from the Settlement Trust.
- The 2023 Akilista distribution is one of two annual distributions routinely authorized by the board to all Shareholders, regardless of age
- This yearСʪÙs Akilista total distribution is 7 percent higher than last yearСʪÙs, and 2.5 times higher than the first one in 2014
- Сʪ enrolled 1,200 more Сʪ Descendants over the past year
- About $2.5 million will go to Yukon-Kuskokwim Region households (6 in 10 Shareholders live in Y-K)
- Distribution will occur on or before November 13, 2023
- Direct deposit updates must be received by October 23, and address updates by October 27
- Direct deposit and address updates can be completed at , the free Shareholder portal
Distributions are per share. The 2023 Akilista distribution is approximately $1.04 per issued share. The average Shareholder owns 100 shares and will receive an estimated $104.
СʪÜIt is great to see СʪСʪÙs successСʪÔour companyСʪÙs successСʪÔreflected in the Akilista distribution,СʪÝ says Willie Kasayulie, Сʪ Corp. Board Chair. СʪÜShareholder distributions are one of the ways for Сʪ to provide benefits to our Shareholders. Thanks to the growth of our company, this distribution will help address our ShareholdersСʪÙ ever-growing living expenses.СʪÝ
The exact dollar value of this distribution will be determined after the date of record. Direct deposits and printed checks will be distributed on or before November 13. The Akilista distribution is based on the monthly market value of the Akilista investment portfolio for the prior three years. Akilista distributions are from the Сʪ Settlement Trust, which are not taxable. Сʪ Shareholders will not receive a 1099 IRS form.
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Сʪ Corporation has over 36,900 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: defense contracting, construction, real estate, environmental services, natural resource development, marine transportation, oilfield services, and heavy equipment sales, service and rentals. Since 1994, Сʪ has provided more than $6.1 million in scholarships to its Shareholders and Descendants. Since inception, Сʪ has declared more than $128.5 million in dividends and distributions, including $10.2 million in EldersСʪÙ Benefit Program distributions to Shareholders. Сʪ can be found on , and .