Board Message: Distributions on the Rise
Robert Beans, Board Chair
Storyknife, March/April 2022 edition
In the last year, total distributions rose by $1.5 million more from 2020 to 2021. Image: Salmon hanging on drying racks in Napakiak, Alaska. Photo: Russ Slaten.
Increasing Shareholder distributions is one of the ways we fulfill Calista’s mission to increase Shareholder benefits and economic opportunities.
In the last year, total distributions rose by $1.5 million more from 2020 to 2021. We went from $10.9 million in total distributions in 2020 to $12.4 million in 2021.
Over 57 percent of all distributions have been provided to Shareholders in the past five years and through this Spring Distribution—the largest single distribution ever, at $9.8 Million.
Spring distributions have occurred every year since 2008, and every year, the distribution per Shareholder has increased. For example, Akilista distributions began in 2014, and every year, the distribution per Shareholder has increased.
Some have asked us, Why don’t I get a larger check?
Simple answer, we have a very large number of Shareholders. As we were 50 years ago at our creation, Calista is still the Alaska Native corporation with the greatest number of Shareholders.
Robert Beans, Calista Board Chair
“Over 57 percent of all distributions have been provided to Shareholders in the past five years and through this Spring Distribution.”
Robert Beans, Board Chair
The majority of Shareholders voted in 2015 to open Descendant Enrollment to our younger generations born after 1971. Calista issued the first shares to Descendants in December 2017.
Calista Shareholder enrollment currently exceeds 35,100. Those numbers are more than two-and-a-half times the original Shareholder enrollment of 13,500.
Each year, the Board of Directors reviews our financial performance prior to considering and voting on the Spring, Akilista and Elders’ Benefit Program distributions.
Our Spring distribution is based on Shareholder equity, which is basically the net worth of our business. The Akilista distribution, generally distributed in November, is based on our investment portfolio, which is not dependent on our business performance.
READ: Calista Corporation Announces 2022 Spring Distribution of $9.8 Million
Due to financial discipline and strong performance of our business investments year-to-year, our Board has authorized paying distributions that keep increasing faster than the increase in our Shareholder base.
By including the next generation in Shareholder distributions, our Shareholders have chosen to continue our tradition of sharing the bounty.
Join the 14,000 Calista Corporation Shareholders who have signed up so far for direct deposit, saving 20,000 pages and 200 pounds of paper for each distribution. It’s easy! Sign in to your free MyCalista.com account and click “Direct Deposit”
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To sign up for direct deposit by mail, complete and mail the direct deposit form available at www.calistacorp.com/shareholders/common-forms