Time To Apply For Your 2008 PFD

Real Estate Broker/Owner with Jesse Clifton & Associates, REALTORS® AREC License #15292
Fairbanks, Alaska Real Estate Agents Jesse & Kathy Clifton
If you haven't already done so, it's time to file for your 2008 Alaska Permanent Fund Dividend. Application booklets have started to hit resident mailboxes, but if you want to qualify for early deposit, you must file your applicaton with the Department of Revenue Permanent Fund Division online.

To qualify for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for the dividend and you must intend to remain an Alaska resident indefinitely at the time you apply.


Payment schedule

* October 2, 2008 - Early Bird Direct Deposit
* October 16, 2008 - Direct Deposit
* November 14, 2008 - Check mailed (10-14 days for delivery)

The Alaska Permanent Fund was established in 1976 shortly after oil began flowing from the North Slope through the Trans-Alaska Pipeline. Managed by the Alaska Permanent Fund Corporation the fund began with an initial investment of $734,000 and has a current balance of approximately $40 billion.

"At least 25 percent of all mineral lease rentals, royalties, royalty sales proceeds, federal mineral revenue-sharing payments and bonuses received by the state be placed in a permanent fund, the principal of which may only be used for income-producing investments."

The fund is managed by a board of trustees appointed by the Governor; Chair Steve Frank, Vice-Chair Bill Moran, Nancy Blunck, Carl Brady, Patrick Galvin and Emil Notti and Executive Director Michael Burns.

Fund Investments

Fairbanks Alaska Real Estate Agents Jesse & Kathy Clifton Stocks - Publicly traded stocks make up 53% of the funds total market value. View the Funds top 50 stock holdings. A complete list of the APFC's stock holdings can be viewed here (.PDF). Current value of stock holdings is approximately $21.3 billion.

Bonds - Domestic & Foreign Bond funds make up 29% of the funds total market value. APFC staff manages 80% of their domestic bond portfolio with the remainer of their domestic bonds and foreign bond investments being handled by numerous external managers. Current value of bond holdings is approximately $10.5 billion.

Real Estate - Industrial, multi-family (residential), office and retail real estate make up 10% of the funds total market value. APFC's real estate investments are located throughout the United States. 25% of real estate holdings are held in REIT's and other miscellanious real estate investment categories. Current value of real estate holdings is approximately $4 billion

Alternative Investments - 4% of the funds value is hend in Hedge Funds with an additional 4% in private equity. Current value of alternative investments is approximately $2.5 billion

A brief overview of the Funds dividend calculation can be found here (.PDF). The 2007 PFD amount was $1,654. As fund payouts are based on 5 year averages, we expect to see a significant increase in the amount of the 2008 dividend, bringing the individual dividend amounts close to $2,000 per eligible Alaskan.

Previous Divident Amounts

Fairbanks Alaska Real Estate Agents Jesse & Kathy Clifton

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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

I heard about the dividend paid to an Alaskan. Is it per person? Does age matter?

I don't think there is another place in the Nation where they do something like that.

Jan 09, 2008 01:02 PM #2
Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK

Jamie Friedman: Thank you so much.  What a great compliment!  I'm glad you liked it. 

Jon Zolsky, your Daytona Beach connection: It is paid to every eligible person, annually for as long as they remain in the state. 

Jan 09, 2008 06:22 PM #3
Debbie White
Southeast Alaska Real Estate - Juneau, AK
Jesse & Kathy - I wouldn't be paying for my son's college without it.  I invested all of the children's into accounts just for them.
Feb 19, 2008 05:17 PM #4
Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK
Debbie - That's a very worthy use of the money, in my opinion... We're actually planning to use it as a college fund for the girls when the time comes... or a new boat, I'm not sure which. :)
Feb 19, 2008 05:46 PM #5
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