At its regular meeting on November 12, the Board of Trustees of Shee Atiká Fund Endowment unanimously approved a 2021 distribution for shareholders of $10.00/unit (share). Shareholders of record on Wednesday, November 17, 2021 are eligible to receive the distribution. Eligible shareholders with direct deposit will receive their funds on December 1, 2021.Checks will be mailed on December 3, 2021.
In announcing the distribution, Chairman Rob Allen expressed optimism about the corporation’s finances and future. “Shee Atiká is on a sustainable path, at the start of a period of growth and opportunity. Our investments, property management services, and government contract subsidiaries are all performing well. The era of relying on land sales to fund our activities has finally come to an end.”
CEO Karl Potts, about to start his third year in that role, stated, “The managers and staff at Shee Atiká and its business units have been extremely busy. We have been aggressive and successful in securing federal contracts to expand our capacity, revenue and profits. We are excited about the opportunities and benefits this will create for our shareholders.”
The board and staff will conclude a year-long strategic planning process at an upcoming board meeting, which will be held in Seattle, December 3 – 4. The plan will guide Shee Atiká over the next three to five years as the corporation works to build upon its recent successes. In addition to expanding its government contracting businesses, Shee Atiká is investing in tourism at Harbor Point in Sitka, and evaluating the economic potential of its properties in Katlian Bay that will be accessible when the state road project is completed within the next two years.
Chairman Rob Allen commented, “This is an exciting time for Shee Atiká, as we move beyond depending upon land sales and investments to a growing portfolio of operating companies. Over the long term, we are working to provide meaningful benefits to our shareholders, whether they own five shares or 100.”
Current directors of Shee Atiká are Rob Allen (Chair), Roxanne Drake-Burkhart (Vice-Chair), Alysha Guthrie (Treasurer), Norma Perkins (Secretary), James Craig, Lowell Frank, Larry Garrity, Pam Steffes, and Ken Truitt.
Shareholders who wish to receive their funds by direct deposit MUST have a current address on file. Shee Atiká encourages shareholders with direct deposit to call and verify that their information is correct, (800) 478-3534 or (907) 747-3534.