November 18, 2024
Fellow Shareholders,
At its regular meeting on November 16, 2024, the Board of Trustees of Shee Atiká Fund Endowment (SAFE) approved a 2024 distribution for trustees (shareholders) in the amount of $7.50/unit (share).
Shareholders of record on Wednesday, November 27, 2024, are eligible to receive the distribution. Eligible shareholders with direct deposit will receive their funds on December 9, 2024. Checks will be mailed on December 12, 2024.
Direct Deposit Options
Shee Atiká Fund Endowment (SAFE)
As your Board, we’re excited to announce the 2024 distribution of $7.50 per share for our shareholders—an increase of 25% per share compared to the 2023 distribution. The distribution from SAFE is based on the net cash income earned, which is primarily dividends, interest, and capital gains on the invested funds, not operations at Shee Atiká Inc. (SAI).
Additionally, the Board approved a $500,000 contribution from Shee Atiká Inc.’s business operations to the Shee Atiká Fund Endowment (SAFE). These funds will be invested for the benefit of all shareholders with the goal of growing this fund for the benefit of our children, grandchildren, and all future generations of shareholders.
Shee Atiká Benefits Trust (SABT)
Additionally, for the first time in over a decade, the Board contributed $388,000 to the Shee Atiká Benefits Trust from Shee Atiká Inc.’s business operations. This is where your scholarships and funeral benefits have been paid out of since April 2024. Good news! All payments made from this Trust are non-taxable to you as Shee Atiká shareholders.
Our Mission
At Shee Atiká, our mission is to deliver meaningful value to our shareholders, people, partners, and customers. We appreciate your continued trust and support as we strive to foster strong, stable growth that will benefit future generations.
Sincerely,
Steve Karpstein
Board Chair, Shee Atiká
Shee Atiká Board of Directors: Steve Karpstein (Chair), Larry Garrity (Vice-Chair), Norma J. Perkins (Secretary), Lowell Frank (Treasurer), Marcus Cogley, James Craig, Roxanne Drake-Burkhart, Alysha Guthrie, and Ken Truitt. Learn more
How is the distribution amount determined?
The distribution amount must be between 75% to 100% of annual net cash income from the SAFE Trust. The percentage within that range is determined by the SAFE Board of Trustees annually. SAFE owns real estate in Colorado as well as the majority of the invested funds at Shee Atiká Investments, LLC. These two sources make up the net cash income used to determine the distribution amount.