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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Permanent Fund dividend to be announced Sept 18

Posted on 05 September 2013

The state plans to announce the amount of this year’s Permanent Fund Dividend on Sept. 18. The eagerly anticipated event will be held in Anchorage, with acting Revenue Commissioner Angela Rodell making the announcement.
Most Alaskans receive dividend checks, which come from investment profits from the state’s oil-wealth savings account. The amount of investment earnings allocated to dividends is based on a five-year rolling average of the Permanent Fund’s performance. The average includes 2009, during the recession, when the fund posted a $2.5-billion net loss in statutory net income………………………………………..Full Article: Source


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