Calista Corporation Announces 2024 Elders’ Benefit Distribution

Over 3,000 Original Shareholders over 65 Are Eligible

November 4, 2024

(Anchorage, Alaska) – Calista Corporation is pleased to announce its 2024 Elders’ Benefit Program distribution. Original Shareholders who are at least 65 years old as of December 4 will receive $350 per Elder this year, for a total authorized distribution of over $1.1 million.

“Our Elders impart our culture and shape the lives of our youth,” says Willie Kasayulie, Calista Corp. Board Chair. “We must take care and show respect for our Elders. This distribution is meant to ease the financial burden for our Elders.”

All new or updated direct deposit information must be received by 12pm on Nov. 27. Direct deposit information can be completed via MyCalista.com or by contacting Shareholder Services by email (shareholder@calistacorp.com) or phone (907-275-2801).

The distribution date will be on or before December 13 for both direct deposit and paper checks sent via first-class mail. More than 3,200 Elders are eligible this year, an increase of nearly 200 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 $17.6 million to its Shareholders in 2024, nearly $1.4 million more than last year. This amount includes the Spring distribution, November’s Akilista (Ah-KEE-lis-tah) distribution and this Elders’ Benefit Program distribution. This is the 47th distribution in Calista’s history.

Calista Corporation has over 38,100 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 $6.6 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $147 million in dividends and distributions, including $12.4 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook, YouTube and Instagram.