Calista Corporation Announces Elders’ Benefit Distribution
2021 Elder Distribution Increases 6 Percent to $968,100
December 2, 2021
(Anchorage, Alaska) – Calista Corporation is pleased to announce the 2021 Elders’ Benefit Program distribution. Original Shareholders who are at least 65 years old as of November 12 will receive $350 per Elder this year, for a total authorized distribution of $968,100. The total distribution has increased 6 percent over the 2020 total.
“During hard times, we must support our Elders as they have supported us. We are grateful to our Elders for passing on our cultural values and way of being,” says Andrew Guy, Calista Corp. President/CEO.
The distribution date will be on or before December 13 for both direct deposit and paper checks sent via first-class mail. More than 2,750 Elders are eligible this year, an increase of more than 100 Elders from last year.
At the 2007 Annual Meeting of Shareholders, a majority of Shareholders voted to create an Elders’ Benefits Program. The program defined Elders as original Shareholders who are at least 65 years old. The Board has authorized an Elders’ Benefit Distribution each year since 2008. The first distribution in 2008 totaled $375,750.
Calista, through its Settlement Trust, distributed a record $12.4 million to its Shareholders in 2021. This amount includes the spring distribution, last month’s Akilista distribution and this Elders’ Benefit Program distribution. This is the 38th distribution in Calista’s history.
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 $9.2 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook, Twitter and Instagram.