2008 SHAREHOLDER Dividend/DISTRIBUTION Schedule
The table below has been prepared to assist shareholders with financial planning. It contains the dates and amounts for each type of payment CIRI expects to issue to shareholders in 2008, including:
- regular shareholder dividends, which have been declared by the Board and are consistent with CIRI's dividend policy;
- the resource revenue, or 7(j), payment; and
- payment from CIRI's Irrevocable Elders' Settlement Trust, which have been declared by the trustees.
Record Date |
Mailing Date |
Regular Dividends |
Resource Revenue Payments* |
CIRI Elders' Settlement Trust Payments** |
March 14, 2008 |
March 14, 2008 |
$450.00 |
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March 25, 2008 |
March 31, 2008 |
$8.50 per share($850.00 per 100 shares) |
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March 28, 2008 |
April 4, 2008 |
$10.0349 per share($1,003.49 per 100 shares) |
||
June 13, 2008 |
June 13, 2008 |
$450.00 |
||
June 23, 2008 |
June 30, 2008 |
$8.50 per share($850.00 per 100 shares) |
||
Sept. 12, 2008 |
Sept. 12, 2008 |
$450.00 |
||
Sept. 23, 2008 |
Sept. 30, 2008 |
$8.50 per share ($850.00 per 100 shares) |
||
Dec. 12, 2008 |
Dec. 12, 2008 |
$450.00 |
||
Dec. 3, 2008 |
Dec. 10, 2008 |
$9.89 per share ($989.00 per 100 shares) |
Address Change/Direct Deposit Deadlines
Change of address and direct deposit deadlines will continue to be announced well in advance of each distribution in the newsletter, on the CIRI Web site, and on the dividend hotline (1-800-764-CHEK). But, rather than waiting for a deadline, we suggest that you immediately update your CIRI records whenever your address changes and/or you wish to make direct deposit changes.
Also, don’t forget, if the address on your CIRI records is different from the address you have on file with the U.S. Postal Service, your CIRI mail—including dividends—may not reach you. Online forms and information on changing an address or submitting a mail-forwarding request with the Postal Service are available on the Postal Service Web site, at your local post office, or by calling the post office toll-free at 1-800-ASK-USPS.
Tax Reminder
As a reminder, regular dividends, resource revenue payments and Modified Elders’ Benefit Program payments are taxable income to shareholders. Distributions from the Irrevocable Elders’ Settlement Trust may have a taxable and non-taxable component that varies from year to year depending on the investment income of the Trust, and CIRI will annually calculate the taxable portion.
IRS Forms 1099 for prior year payments are mailed to shareholders no later than Jan. 31 of the following year, as required by law. Once CIRI Accounting and Finance Department determines the proper treatment of shareholder distributions with respect to current IRS reporting requirements, the CIRI Web site and dividend hotline are immediately updated.
CIRI is unable to withhold taxes from dividends, and shareholders who anticipate owing tax on their dividends may make quarterly estimated tax payments directly to the Internal Revenue Service themselves. Consult a tax advisor to learn more about making quarterly estimated tax payments or contact the IRS directly. CIRI cannot provide tax advice.



