Calista Update on CARES Act Relief Funding
Calista Corporation receives $12.2 million; about $325 per eligible Shareholder
August 26, 2021
(Anchorage, Alaska) – The Calista Corporation Board of Directors approved the process for Shareholders to receive assistance through the CARES Act Coronavirus Relief Fund allocation. An application for Shareholders is expected to launch in October.
“As decided by Congress the purpose of these CARES Tribal funds is to provide financial assistance. All 34,000 Calista Shareholders who are U.S. citizens living in the U.S., regardless of age, will be eligible to apply.”Robert Beans, Calista Corporation Board Chair
Following strict U.S. Treasury guidelines on how relief funds may be used, any use of CARES funds by a Calista Shareholder must be directly connected to the pandemic. When a Shareholder confirms financial harm by the current coronavirus pandemic since March 2020, that Shareholder may be eligible for CARES assistance through Calista’s application process.
Each Shareholder may be eligible to receive $325. On average there are 2.5 Shareholders in each household. That means the average Shareholder household may receive over $800.
Calista’s CARES assistance funds will be sent early December. Applications will be online only for quicker processing and reduced costs. Calista Shareholders may get information at: www.CalistaCorp.com/CARESAct.
$11.4 million is dedicated to the Shareholder assistance program. $10,000 will go to the fish donation program, totaling over 3,300 pounds, assisting families in the Yukon River area with salmon due to low returns this year. Any remaining funds will be used to partially cover the costs of this application program. Additional details will be announced by mid-September.
Calista Corporation has over 33,700 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 $5.5 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $85.9 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.