March 8, 2016
Calista Corporation Announces Direct Deposit Application for Dividends
First Shareholder Dividend Direct Deposit – Spring Dividend
(Anchorage, Alaska) –
Calista Corporation announces the availability of direct deposit for Shareholder dividends. Applications will be included in the Shareholder newsletter, posted on Calista’s corporate website, and an application will be mailed to each Shareholder address.
All properly completed direct deposit applications physically received by Calista by 5 p.m. on April 4, 2016 will be entered into a drawing. A total of 25 names will be drawn and each will win $250.00. (For Calista Corporation Shareholders only.)
A new software program enables Calista to offer direct deposit to its Shareholders. Calista anticipates other Shareholder-friendly features to be announced in the following year after intense testing for stability and security. The direct deposit option would be applied to all future dividends and Elders’ Benefit Program distributions.
“Calista Shareholders have asked about direct deposit for a few years now,” said Calista Corporation Board Chair Margaret Pohjola. “With our new software and a properly completed application, Shareholders can receive dividends without having to wait for mail delivery.”
Shareholder dividends total $38.9 Million, with $18.9 Million, or 49 percent, of that total declared since 2014. Spring dividends are determined from Shareholder equity. Fall dividends come from the Akilista investment portfolio, which made distributions in 2014 and 2015. This is an investment fund created to provide a perpetual source of dividends not dependent on business operations. Separately, Calista has declared an Elders’ Benefit Distribution each year since 2008, totaling $4.3 Million.
The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 13,000 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $4 Million in scholarships and since inception more than $43.2 Million in dividends and Elders’ Benefit Program distributions to its Shareholders and Descendants.
Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services. Calista can be found on Facebook and Twitter.