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Anchorage Daily News, Alaska, Inside Alaska Business Column.

Knight Ridder/Tribune Business News

| March 31, 2004 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. (Hide copyright information)Copyright

Anchorage Daily News, Alaska Knight Ridder/Tribune Business News

Mar. 31--FUND PROFITS LOOK PROMISING: The Alaska Permanent Fund Corp. has revised upward to $1.7 billion the amount of profits it expects to earn on its $28 billion in investments for the year that ends June 30. The state-owned fund's previous estimate was $1.3 billion. Fund officials said the investments have been getting better returns than expected. If the new prediction holds, this year's Permanent Fund dividend payment to Alaskans will total about $1,000, compared with about $930 under the earlier forecast, according to calculations made by the Daily News. Last year's dividend was $1,108. …

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