The Sealaska board of directors approved a distribution to be paid to shareholders Dec. 5, based on earnings from operations, the permanent fund and from section 7(i) revenues. A $10.46 per share distribution will be sent to urban and at-large shareholders, and $1.61 per share will be sent to village, descendant and leftout shareholders. Sealaska President Chris McNeil Jr. said the company does expect year-end losses due to the national economy. Sealaska is an Alaska Native corporation formed in 1971. Sealaska is owned by nearly 20,000 tribal member shareholders of Tlingit, Haida and Tsimshian descent.