Akilista Distribution Largest Total on Record for Calista Corporation Shareholders
Shareholder Numbers Grow to Over 34,500
October 19, 2021
(Anchorage, Alaska) – The Calista Corporation Board of Directors and the Trustees of the Calista Settlement Trust recently approved the largest total Akilista distribution to Shareholders, more than twice the amount of the first Akilista distribution in 2014. More than 34,500 Shareholders qualify to receive this distribution from the Calista Settlement Trust.
- The 2021 Akilista distribution from the Calista Settlement Trust is $3.35 million, a 7.6 percent increase from last year
- Calista enrolled 1,500 more Calista Descendants over the past year, due to open enrollment approved by Shareholders
- About $2 million will go into the Yukon-Kuskokwim Region (6 in 10 Shareholders live in YK)
- Distribution will occur on or before November 19, 2021
- Direct deposit updates must be received by October 29, and address updates by November 4
- Direct deposit and address updates can be completed at MyCalista.com, the free Shareholder portal
“This year was a continuation of strained times for our families and communities. Through the growth of Calista, we share the bounty of increased distributions to benefit our Shareholders in a time of need.” — Calista Corp. Board Chair Robert Beans
Distributions are per share. The 2021 Akilista distribution is approximately 90 cents per share. The average Shareholder owns 100 shares and will receive an estimated $90. For the average household of 3 Shareholders, that’s about $270 per household.
The final value will be determined after the date of record. Direct deposits and printed checks will be distributed on or before November 19.
The Akilista distribution is based on the monthly market value of the Akilista investment portfolio for the prior three years. Akilista distributions are from the Calista Settlement Trust, which are not taxable. Calista Shareholders will not receive a 1099 IRS form.
Calista Corporation has over 34,500 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: defense contracting, construction, real estate, environmental services, natural resource development, marine transportation, oilfield services, and heavy equipment sales, service and rentals. Since 1994, Calista has provided more than $5.5 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $89.3 million in dividends and distributions, and $8.2 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook (www.facebook.com/CalistaCorporation), Twitter (https://twitter.com/CalistaCorp) and Instagram (www.instagram.com/calistacorp). If you would like more information or to schedule an interview with Calista Corporation, please contact the communications department at email@example.com.