Permanent Fund worth $27.1 billion at end of year

Posted: Wednesday, March 15, 2000

ANCHORAGE (AP) -- The Alaska Permanent Fund gained more than $2 billion in the second quarter of fiscal year 2000.

Officials with the oil-wealth savings account valued the fund at $27.1 billion as of December 31.

Investments in the stock market accounted for the big hike in value, officials said. The fund's investments in international stocks fared particularly well, with returns of more than 40 percent in some cases.

Fund officials are estimating this year's pot of money for dividend payments to be $1.2 billion. That would be more than $100 million more than was paid out last year, when each eligible Alaskan received nearly $1,800.

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