Calista Corporation Provides First-Ever Investment Fund Dividend
Akilista Fund Established To Provide Perpetual Dividends
(Anchorage, Alaska) - Calista Corporation's Board of Directors this week approved the first-ever Akilista Fund dividend. The total distribution is $1.62 million. This investment fund distribution supplements dividends based on Calista's operation. Including Calista's operational dividend mailed in April 2014, the total dividends for the year is $6.27 million.
At 12,900 individuals, Calista has one of the largest populations of Shareholders among the Alaska Native Corporations. This Akilista Fund distribution equates to $1.22 per share. Checks are expected to be mailed out by the close of business Friday, November 14.
"Calista's Board of Directors established this investment fund to provide a perpetual and sustainable source of dividends for our Shareholders," said Calista Corporation Board...
Calista Corporation's Board of Directors Oppose Ballot Measure 2
(Anchorage, Alaska) - Through a unanimous vote, the Calista Corporation Board of Directors oppose Ballot Measure 2, the Alaska Marijuana Legalization measure.
The use of marijuana, which is illegal under federal law, has been found to be detrimental to health, behavior and well-being. The Board and Calista management believe legalized recreational marijuana will have adverse impacts on communities throughout the Yukon-Kuskokwim Delta.
The Alaska Department of Labor reports that as of August 2014, the unemployment rate in the Bethel Census Area is 16 percent and a staggering 22.8 percent in the Wade Hampton Census Area. This compares to the state and national unemployment averages, which are both 6.3 percent.
One key standard for employment is to be free of illicit drugs. The Y-K Delta needs public support and legislation that aim to promote work environments free of...