The Alaska Permanent Fund Corporation reported a return of .02 percent for the fiscal year. The total value of the fund is sitting at $40.3 billion.
“It was a volatile year for the global stock markets, particularly overseas markets,” said Michael Burns, CEO, in a press release. “Stocks make up about half of the Fund’s investments, so they had the largest impact on our performance. “
The Fund’s U.S. stock portfolio returned 2.3 percent. The non-U.S. portfolio returned -14.6 percent while the global portfolio returned -4.7 percent according to the press release.
The Permanent Fund earned $1.6 billion in statutory net income. This income comes from real estate properties, dividends from stocks, interest on bonds and the sale of assets.
The Permanent Fund Dividend is calculated by averaging five years of the statutory net income.
This year, $605 million will be transferred for the fall dividend payment. Last year, the APFC transferred $801 million to the Permanent Fund Dividend Division for the fall payment.
- The table was set for awkwardness. Murkowski was placed one senator away from the president, on his left. West Virginia Sen. Shelley Moore Capito was just as near, on his right side. She is another senator who said “no” to repealing the ACA without a replacement. Between her and the president: Sen. Dean Heller, R-Nevada, an early critic of the Senate health care bill.
- A state official estimates the latest rating downgrades could cost the state an extra $5 million to $6 million over 20 years on a $100 million transportation bond issuance.
- A state law makes legislators immune to arrests for misdemeanors while the Legislature is in session. The Legislature has been out of session since July 16 for the first time since the incident.
- Avista has owned Juneau's electric utility for the past four years.