The Shee Atiká Fund Endowment Board of Trustees is pleased to announce a 2018 distribution!  At its regular meeting on November 16th, the Board of Trustees declared the distribution for shareholders of record on November 26, 2018.  Eligible shareholders will receive $6.00/unit (share) to be mailed from Sitka on Friday, December 7, 2018.  Those shareholders who have direct deposit will receive their funds on Wednesday, December 5, 2018.  You MUST have a current address to receive direct deposit.  Please call today and verify that your address and direct deposit information are correct.  (800) 478-3534 or (907) 747-3534.

Letter to Shareholders Regarding the 2018 Distribution

Dear fellow shareholders:

I am writing you today on behalf of your Shee Atiká, Incorporated (SAI) Directors who are also the Trustees of the Shee Atiká Fund Endowment (SAFE). We are guided by SAI’s mission to preserve and enhance our culture for all generations of shareholders, and to provide benefits to shareholders consistently and on an equitable basis.

Since SAFE was established by the SAI shareholders in 1993, your distributions have been paid by SAFE as declared by the SAFE Trustees. Knowing that SAFE is a long-term fund that should be available for current shareholders and future generations, the goal of SAFE’s trustees has always been to balance distributions with maintaining (or growing) the principal.

After careful consideration at our November 16, 2018 planning meeting, your SAFE Board of Trustees unanimously declared a $6.00/unit (share) distribution payable by mail on December 7, 2018 and by direct deposit on December 5, 2018 to SAFE beneficiaries (SAI shareholders) as of the record date of November 26, 2018.

This was a challenging decision which we know impacts our shareholders so we are providing you with additional information. SAFE’s investment performance has been down for several years, in part due to our reliance on fixed income securities such as bonds. In 2018, while restructuring the portfolio as part of a transition to a new investment advisor, there was an intentional realized loss of $1.2M to address our current situation. In addition, as you know from reading SAFE’s financial statements the principal balance of SAFE is eroding. Your SAI Board/SAFE Trustees are committed to monitoring SAFE performance and expenses to ensure we can continue to provide prudent distributions while protecting SAFE for our future generations.

If you have any additional questions or comments, we encourage you to email the board, info@sheeatika.com or contact the board through the sheeatika.com website Contact Us link.

Sincerely,

Pamela Steffes

Board Chair

Shee Atiká Incorporated

Shee Atiká Fund Endowment