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Anchorage trust posts strong returns; dividend likely at least $17 million
Summary
Trust Fund Board Chair Mr. Slifka told the Budget and Finance Committee the municipal trust returned about 15% in 2024 and preliminary estimates put the dividend at "probably at least $17 million," roughly $500,000 above last year; the board said the 4% payout set in code remains affordable given current portfolio allocations.
Trust Fund Board Chair Mr. Slifka told the Anchorage Budget and Finance Committee on March 19 that the municipal trust produced strong investment returns in 2024 and that the annual dividend will likely be higher than last year.
"The returns for all of '25 were about 15% almost exactly in line with the benchmarks before fees," Mr. Slifka said, adding that the three-year average was nearly 12% and that over the last three years the trust earned a return roughly 7% above the board's inflation-plus-4% target. He said the trust held…
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