2010 SHAREHOLDER Dividend/DISTRIBUTION Schedule

The accompanying table has been prepared to assist shareholders with financial planning. It contains the dates and amounts for the payments CIRI expects to issue to shareholders in 2010, including:

- regular shareholder dividends, which have been declared by the Board and are consistent with CIRI's dividend policy

- resource revenue, or 7(j), payment

- payments from the CIRI Irrevocable Elders' Settlement Trust

* The yearly amount of CIRI’s resource revenue distribution is calculated shortly after CIRI’s annual audited financial statements for the prior year are approved. Once calculated, the amounts are immediately announced to shareholders via this Web site, the CIRI newsletter and the dividend hotline (263-5100 or 1-800-764-2435), with the actual distribution made shortly thereafter. As required by ANCSA, resource revenue payments associated with at-large shares are paid directly to the shareholder, while resource revenue payments associated with village class shares are paid to the underlying village corporation.

 

** Payments from CIRI’s Irrevocable Elders’ Settlement Trust are paid to original CIRI shareholders who are 65 years of age or older on the approved payment dates, providing they own at least one share of CIRI stock. Original shareholders who are 65 years of age or older on the payment date but who own no shares, having gifted all of their shares away prior to implementation of the Elders’ Trust (July 31, 2003), are eligible to receive payments from the Modified Elders Benefit Program, on the same dates and in the same amounts as Elders’ Trust payments. The Elders’ payments are scheduled to occur in the same months as CIRI’s quarter distributions so as to reduce the number of months that some Elders lose their SSI payments because their monthly income exceeds limitations set by the Social Security Administration.

 

*** CIRI's dividend policy states that the total CIRI dividend payment to shareholders in any given year is equal to 3.50 percent of the total shareholders' equity, calculated as of Dec. 31 of the prior year. The fourth quarter dividend amount will be available and posted on the CIRI Web site after the independent accounting firm retained to review CIRI's financial statements completes its audit and CIRI’s Audit Committee approves the issuance of those statements. This will likely occur during the last two weeks of March.