Latest news with #AdamCrum
Yahoo
26-06-2025
- Business
- Yahoo
Alaska Commissioner of Revenue Adam Crum and Prospr Aligned Announce Launch of The Frontier Economic Fund (NYSE: AKAF)
From overlooked to investable: bringing Alaska's story to the national stage ANCHORAGE, Alaska, June 26, 2025--(BUSINESS WIRE)--Alaska, long known as America's last frontier, is stepping into a new era of economic leadership. Today, Alaska Commissioner of Revenue Adam Crum, in partnership with Prospr Aligned, announced the launch of The Frontier Economic Fund (NYSE: AKAF), a new investment vehicle focused on companies driving sustainable growth, local job creation, and long-term investment across Alaska. "Alaska, America's resource powerhouse, is now positioned as a critical solution for national priorities like energy security and supply chain resilience with the launch of The Frontier Economic Fund," said Commissioner Crum. "AKAF represents a fundamental shift, prioritizing our top economic sectors including energy development, mining, tourism, cargo, transportation, and retail that make Alaska's economy robust and prosperous. The more than 130 companies initially included in the index have prioritized local employment, local investment, and long-term strategic importance for the state. This fund is about telling Alaska's story to more people and inviting them to help shape what comes next." Alaska added 7,700 jobs in 2024, surpassing expectations and returning to pre-pandemic employment levels. Construction employment is up 25 percent since 2019, and the energy sector is regaining strength. The Frontier Economic Fund highlights these trends by tracking 137 companies with meaningful operations, workforce presence, and capital investment in the state. "There's a real alignment happening between Alaska's strengths and the country's needs," Crum added. "This fund creates a bridge between that momentum and people who want to support it." As part of the team behind the fund, Prospr Aligned views the launch as a moment of opportunity not just for investors, but for Alaskans. Vident Asset Management is the ETF fund asset manager and index creator. "Alaska has always delivered for the country. Now we are offering a way for Alaskans, and anyone who believes in the state's potential, to invest back into the future of this incredible region," said Derek Kreifels, CEO of Prospr Aligned. The Frontier Economic Fund launched on June 25, with an NYSE bell-ringing scheduled for July 2. To learn more, visit At Prospr Aligned, our mission is to empower investors to align their investments with their values—taking back control and amplifying their voice to ensure capital is used with integrity, not ideology. As a leading consulting partner for institutional investors, we deliver tailored business solutions that reflect client's values without compromising fiduciary excellence. We believe true prosperity is built on alignment—where every dollar reflects your values and where fiduciary duty is upheld. In short, we work to focus investors capital on returns, not politics. View source version on Contacts Media Contact Lindsay Jancekmedia@ (202) 361-6265 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Alaska Commissioner of Revenue Adam Crum and Prospr Aligned Announce Launch of The Frontier Economic Fund (NYSE: AKAF)
From overlooked to investable: bringing Alaska's story to the national stage ANCHORAGE, Alaska, June 26, 2025--(BUSINESS WIRE)--Alaska, long known as America's last frontier, is stepping into a new era of economic leadership. Today, Alaska Commissioner of Revenue Adam Crum, in partnership with Prospr Aligned, announced the launch of The Frontier Economic Fund (NYSE: AKAF), a new investment vehicle focused on companies driving sustainable growth, local job creation, and long-term investment across Alaska. "Alaska, America's resource powerhouse, is now positioned as a critical solution for national priorities like energy security and supply chain resilience with the launch of The Frontier Economic Fund," said Commissioner Crum. "AKAF represents a fundamental shift, prioritizing our top economic sectors including energy development, mining, tourism, cargo, transportation, and retail that make Alaska's economy robust and prosperous. The more than 130 companies initially included in the index have prioritized local employment, local investment, and long-term strategic importance for the state. This fund is about telling Alaska's story to more people and inviting them to help shape what comes next." Alaska added 7,700 jobs in 2024, surpassing expectations and returning to pre-pandemic employment levels. Construction employment is up 25 percent since 2019, and the energy sector is regaining strength. The Frontier Economic Fund highlights these trends by tracking 137 companies with meaningful operations, workforce presence, and capital investment in the state. "There's a real alignment happening between Alaska's strengths and the country's needs," Crum added. "This fund creates a bridge between that momentum and people who want to support it." As part of the team behind the fund, Prospr Aligned views the launch as a moment of opportunity not just for investors, but for Alaskans. Vident Asset Management is the ETF fund asset manager and index creator. "Alaska has always delivered for the country. Now we are offering a way for Alaskans, and anyone who believes in the state's potential, to invest back into the future of this incredible region," said Derek Kreifels, CEO of Prospr Aligned. The Frontier Economic Fund launched on June 25, with an NYSE bell-ringing scheduled for July 2. To learn more, visit At Prospr Aligned, our mission is to empower investors to align their investments with their values—taking back control and amplifying their voice to ensure capital is used with integrity, not ideology. As a leading consulting partner for institutional investors, we deliver tailored business solutions that reflect client's values without compromising fiduciary excellence. We believe true prosperity is built on alignment—where every dollar reflects your values and where fiduciary duty is upheld. In short, we work to focus investors capital on returns, not politics. View source version on Contacts Media Contact Lindsay Jancekmedia@ (202) 361-6265 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
26-06-2025
- Business
- Business Wire
Alaska Commissioner of Revenue Adam Crum and Prospr Aligned Announce Launch of The Frontier Economic Fund (NYSE: AKAF)
ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska, long known as America's last frontier, is stepping into a new era of economic leadership. Today, Alaska Commissioner of Revenue Adam Crum, in partnership with Prospr Aligned, announced the launch of The Frontier Economic Fund (NYSE: AKAF), a new investment vehicle focused on companies driving sustainable growth, local job creation, and long-term investment across Alaska. 'There's a real alignment happening between Alaska's strengths and the country's needs,' Crum added. 'This fund creates a bridge between that momentum and people who want to support it.' Share 'Alaska, America's resource powerhouse, is now positioned as a critical solution for national priorities like energy security and supply chain resilience with the launch of The Frontier Economic Fund,' said Commissioner Crum. 'AKAF represents a fundamental shift, prioritizing our top economic sectors including energy development, mining, tourism, cargo, transportation, and retail that make Alaska's economy robust and prosperous. The more than 130 companies initially included in the index have prioritized local employment, local investment, and long-term strategic importance for the state. This fund is about telling Alaska's story to more people and inviting them to help shape what comes next.' Alaska added 7,700 jobs in 2024, surpassing expectations and returning to pre-pandemic employment levels. Construction employment is up 25 percent since 2019, and the energy sector is regaining strength. The Frontier Economic Fund highlights these trends by tracking 137 companies with meaningful operations, workforce presence, and capital investment in the state. 'There's a real alignment happening between Alaska's strengths and the country's needs,' Crum added. 'This fund creates a bridge between that momentum and people who want to support it.' As part of the team behind the fund, Prospr Aligned views the launch as a moment of opportunity not just for investors, but for Alaskans. Vident Asset Management is the ETF fund asset manager and index creator. 'Alaska has always delivered for the country. Now we are offering a way for Alaskans, and anyone who believes in the state's potential, to invest back into the future of this incredible region,' said Derek Kreifels, CEO of Prospr Aligned. The Frontier Economic Fund launched on June 25, with an NYSE bell-ringing scheduled for July 2. To learn more, visit At Prospr Aligned, our mission is to empower investors to align their investments with their values—taking back control and amplifying their voice to ensure capital is used with integrity, not ideology. As a leading consulting partner for institutional investors, we deliver tailored business solutions that reflect client's values without compromising fiduciary excellence. We believe true prosperity is built on alignment—where every dollar reflects your values and where fiduciary duty is upheld. In short, we work to focus investors capital on returns, not politics.
Newsweek
30-05-2025
- Business
- Newsweek
Some Americans to Receive $1,702 Direct Payment in June: Are You Eligible?
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Thousands of Alaska residents will soon receive a $1,702 direct payment from the state as part of the annual Permanent Fund Dividend program, a uniquely Alaskan initiative that redistributes a share of the state's oil wealth directly to its citizens. Why It Matters The Permanent Fund Dividend is an annual payment made to qualifying Alaska residents, drawn from the state's Permanent Fund, which was established in 1976 to invest a portion of the state's oil revenue. The fund invests in a diverse portfolio of assets, including stocks, bonds, real estate, and other investments to generate returns for residents and preserve the state's vast oil wealth. The fund has grown to over $81 billion and distributes a portion of its earnings, usually giving out in excess of $1,000 to eligible residents of the Last Frontier State. Payments vary from year to year, with the highest ever payment being $3,284. Some 600,000 Alaskans are expected to benefit this year. Stock image/file photo: Person holding several $100 bills. Stock image/file photo: Person holding several $100 bills. GETTY What to Know According to the Alaska Department of Revenue, the next wave of payments will be issued on June 18, benefiting eligible individuals who applied by the deadline and whose applications have been approved for the 2024 Permanent Fund Dividend. For the 2024 dividend, the payment amount is $1,403.83 with an additional $298.17 Energy Relief Payment, bringing the total to $1,702. It is roughly $400 more than last year's, which was $1,312. The largest payout occurred in 2022, when each eligible Alaskan received $3,284. This amount included a record-high base dividend of $2,622, along with a one-time energy relief payment of $662. Eligibility Criteria To qualify, individuals must: Be Alaska residents for the entire calendar year prior to the payment year. Intend to remain in Alaska indefinitely. Not be convicted or incarcerated for any felony or misdemeanor crimes in the state. Have filed an application by the annual March 31 deadline. According to the official PFD site, individuals with an "Eligible-Not Paid" status as of May 8 will receive their payments on June 18, assuming no issues arise with their applications. The income is also considered taxable by the state and the federal government. What People Are Saying Department of Revenue Commissioner Adam Crum said in a statement: "This is the 43rd year Alaskans have received their share of the state's natural resources and investment earnings. The 2024 PFD will create an economic opportunity across all of our local communities." What Happens Next The Alaska Legislature continues to debate the future structure of the PFD, especially as oil revenue becomes more volatile and investment returns fluctuate. Discussions have included capping the dividend, changing the formula, or implementing new taxes to offset budget shortfalls.
