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.
- Margaret Stock says if she is elected to office, she’ll be ‘all work and no party.’ No party as in no political affiliation and the distractions, she says, that come with it. Stock is an independent candidate for the US Senate seat currently occupied by Lisa Murkowski. She made a campaign stop in Haines in early October. Stock thinks her status as an independent will be one of her strongest assets if elected senator.
- The three-day convention in Fairbanks will open with a healing ceremony from the Alaska Suicide Prevention Council.
- To continue permitting AK LNG project, state must negotiate with producers for control of the land.
- The first of two public meetings is Wednesday night at 6 p.m., at the Assembly Chambers.