Calista Corporation Announces Increased Elders’ Benefit Distribution
2020 Distribution Totals Over $915,000
December 3, 2020
UPDATE: Calista Elders’ Distribution Went out early on Monday, December 14. More than half of all eligible Elders received via Direct Deposit.
(Anchorage, Alaska) – Calista Corporation is pleased to announce the 2020 Elders’ Benefit Program distribution. Original Shareholders who are at least 65 years old as of November 13 will receive $25 more than they did last year, for a total distribution of $350 to each Elder. This is the fourth increase to the annual distribution.
“Elders ground us in our culture and guide us with traditional values in mind. We support our Elders as they have supported us through each generation,” says Andrew Guy, Calista Corp. President/CEO.
The distribution date will be on or before December 18 for both direct deposit and paper checks sent via first-class mail. Over 2,600 Elder Shareholders are eligible this year, an increase of more than 100 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.
“Elders ground us in our culture and guide us with traditional values in mind. We support our Elders as they have supported us through each generation.”Andrew Guy, Calista Corp. President/CEO
Calista, through its Settlement Trust, distributed a record $11 million to its Shareholders in 2020. This amount includes the spring distribution, last month’s Akilista (aw-KEE-lis-ta) distribution and this Elders’ Benefit Program distribution. This is the 35th distribution in Calista’s history.
Calista Corporation has over 33,000 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: military defense contracting, construction, real estate, environmental and natural resource development, marine transportation, oil field services and heavy equipment sales, service and rentals. Since 1994, Calista has provided more than $5.5 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $77.8 million in dividends and distributions, and $8.2 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook, Twitter and Instagram.