Permanent Fund growth continues with strong November results

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The Permanent Fund Corp. is reporting a nearly $800 million gain from November’s investments, according to its most recent financial statement.

The state’s sovereign wealth fund, which produces income to pay for an annual dividend, has earned more than $1.7 billion since the new fiscal year began on July 1.

However, this gain gets offset by transfers to the state’s general fund to cover the state’s operating expenses, according to the statement. Since the beginning of the fiscal year, the fund has sent $2.1 billion to the state’s operating budget.

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