Calista Corporation Announces 2023 Spring Distribution of $11 Million
Over 1,200 Shareholders Added in Past Year
UPDATE: It’s early. Really early! Some Calista Corporation Shareholders report their 2023 Spring Distribution showed up in online bank accounts as early as Thursday, April 6. Checks went in the mail Monday, April 10, well ahead of our target date (April 14).
February 21, 2023
(Anchorage, Alaska) – Calista Corporation’s largest-ever Shareholder distribution of $11 million will occur on or before April 14. This distribution is nearly 13 percent larger than last year’s spring distribution of $9.8 million.
The average Shareholder who owns 100 shares will receive an estimated $283. This is a 9 percent increase from last year, despite the 1,200 new Shareholders who enrolled in the past year.
“This is the first time a single distribution has exceeded $10 million,” said Willie Kasayulie, Calista Board Chair. “About 1 in 3 Shareholders is under 18 years old, and 6 in 10 Shareholders live in the Yukon-Kuskokwim Region. These distributions will help put a dent in their household expenses.”
Direct deposit updates must be received by March 21, and address updates by April 2. Updates can be completed at https://MyCalista.com, the free Shareholder portal.
Checks will be mailed on or before April 14 for those without direct deposit. Shareholders in the Y-K Region should allow up to three weeks for mailed checks to arrive, weather permitting.
Subject to approval by Calista’s Board of Directors, Shareholder distributions are typically made in the spring and the fall. This is the 42nd distribution in Calista’s history, and total distributions to Shareholders now exceed $124 million.
Over 36,100 Shareholders will receive the 2023 Spring distribution. Calista is the largest regional Alaska Native Corporation by number of Shareholders.
Calista Corporation has over 36,000 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 $124 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.