Calista Announces 2023 Elders’ Benefit Distribution

Over 3,000 Shareholders Eligible

Nov. 1, 2023

(Anchorage, Alaska) – Calista Corporation is pleased to announce its 2023 Elders’ Benefit Program distribution. Original Shareholders who are at least 65 years old as of November 9 will receive $350 per Elder this year, for a total authorized distribution of over $1 million.

“The number of Elders has doubled since the first Elder distribution in 2008,” says Willie Kasayulie, Calista Corp. Board Chair. “Our Elders are our culture bearers, and we must take care and show respect for them. We hope this distribution can ease the financial burden for our Elders.”

All new or updated direct deposit information must be received by Nov. 14. Direct deposit information can be completed via MyCalista.com or by contacting Shareholder Services. Shareholder Services can be reached by email (shareholder@calistacorp.com) or phone (907-275-2801).

The distribution date will be on or before December 11 for both direct deposit and paper checks sent via first-class mail. More than 3,025 Elders are eligible this year, an increase of over 160 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 $16.3 million to its Shareholders in 2023, nearly $2 million more than last year. This amount includes the Spring distribution, November’s Akilista (AW-kee-lis-tah) distribution and this Elders’ Benefit Program distribution. This is the 44th distribution in Calista’s history.

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Calista Corporation has over 36,900 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 $6.1 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $128.5 million in dividends and distributions, including $10.2 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook, Twitter and Instagram.