IMMEDIATE RELEASE
April 12, 2011
Calista Corporation Increases Shareholder Dividend On Strong Financials
Calista Corporation announces a distribution of $2.75 per share to Shareholders of Record dated March 29, 2011. This is the largest dividend the corporation has issued to date, 22 percent more than the 2009 dividend. Checks will be mailed out by the close of business April 15, 2011. Including this dividend Calista has dispersed more than $12,000,000 in dividends and distributions since 2008.
Targeted business diversification and intentional financial discipline enables Calista Corporation to maintain a healthy fiscal foundation in a recovering economy. Based on the financial position of the corporation, the Calista Board of Directors declared the dividend at its April Board meeting. The average Shareholder owns 100 shares.
“Calista Corporation continues to fulfill the ANCSA mandate of working to benefit its Shareholders,” said Art Heckman, Chairman of the Calista Board of Directors.
2010 year-end financial results include revenues of $234.87 million resulting in a net income of $18.3 million after taxes. Additionally, company assets grew to $201.56 million in 2010 from $145.65 million in 2009, due largely to business acquisitions.
Pursuant to the Alaska Corporations Code, this Shareholder dividend distribution is made entirely from Calista’s paid-in capital account. Because the distribution was made from the paid-in capital account the distribution is non-taxable to Shareholders.
