Over 38,000 Enrolled Shareholders
The total annual Shareholder distributions amount has increased each year for more than 15 years. Every year has set a new record in total distributions to Shareholders. In 2024, the total distribution rose by $1.3 million from the previous year. Shareholders received a total of $17.6 million in 2024.
Total distributions to Shareholders have now exceeded $147.6 million to date. This includes the Spring distribution, the Akilista distribution and the Elders’ Benefit distribution.
To gain perspective, about 49 percent of all distributions have been provided to Shareholders in the past five years, compared to the rest of the history of the company.
Some may ask, Why are the checks not larger?
Simply put, the number of Shareholders continues to grow every year. Calista began as and remains the Alaska Native corporation with the largest number of Shareholders.
Calista Shareholder enrollment currently exceeds 38,100, with 1,200 more Calista Descendants enrolled in 2024 alone. The current total enrollment numbers are more than two-and-a-half times the original Shareholder enrollment of 13,500.
In 2015, Shareholders made the historic decision to welcome new generations of Shareholder to the company by voting in favor of a Board Resolution to open enrollment to Descendants of Original Shareholders. Calista issued the first shares to about 11,000 Descendants in its December 2017 stock issuance.
The largest distribution amount in 2024 was the Spring distribution in April: Shareholders received $12.1 million—approximately $302 per Shareholder.
The second largest distribution in 2024 was the Akilista distribution in November, providing $4.31 million to Shareholders, about $104 per Shareholder.
Total distributions to Shareholders have now exceeded $147.6 million to date.
Finally, the 2024 Elders’ Benefit Program distribution provided a total of more than $1.1 million to Original Shareholder who were at least 65 years old in December of last year.
Each year, the Calista Board of Directors reviews the company’s financial performance prior to considering and voting on the Spring, Akilista and Elders’ Benefit Program distributions.
Our Spring distribution is based on Shareholder equity for the prior three years, which is basically the net worth of our business. The Akilista distribution, generally distributed in November, is based on our investment portfolio average balance for the prior three years. As an investment portfolio, it is dependent on stock market investments.
Thanks to strong business performance and investment growth, our Board has authorized paying consistently increasing distributions that keep up with the increase in our Shareholder base.
Increasing Shareholder distributions is one of the ways Calista works to fulfill its mission to increase Shareholder benefits and economic opportunities.