IMMEDIATE RELEASE
Dec. 11, 2013
$5.3 Million: Calista Corporation 2013 Benefits to Shareholders
Descendants Also Benefit Through Scholarships and Donations
(Anchorage, Alaska) – Calista Corporation announced benefits to Shareholders and Descendants in 2013 total more than $5.3 million. Benefits are experienced through Shareholder Dividends, the Elders’ Benefit Program and donations.
IMMEDIATE RELEASE
Dec. 11, 2013
$5.3 Million: Calista Corporation 2013 Benefits to Shareholders
Descendants Also Benefit Through Scholarships and Donations
(Anchorage, Alaska) – Calista Corporation announced benefits to Shareholders and Descendants in 2013 total more than $5.3 million. Benefits are experienced through Shareholder Dividends, the Elders’ Benefit Program and donations.
Year Program Amount
- 2013 Shareholder Dividend $4.3 million
- 2013 Elders’ Benefit Program $592,475
- 2013 Donations $402,500
Since inception
- Shareholder Dividend $19.9 million
- Elders’ Benefit Program $3 million
Mailed in April, the 2013 Shareholder dividend marked the sixth consecutive disbursement and the eighth dividend since inception. The dividend has grown each successive year.
The 2013 Elders’ Benefit Program distribution was approved last week by the Calista Board of Directors. With support from Shareholders through a 2007 Shareholder advisory resolution, the Board issued the first Calista Shareholder Elders’ distribution in 2008. This year more than 1,800 original Calista Shareholders are at least 65 years of age and considered Elders. Checks of $325 for each Elder will be mailed by Dec. 27. This is the sixth consecutive Elders’ Benefit Program distribution.
“Calista is proud to provide these direct benefits to our Elders,” said Calista Corporation Chairman of the Board Willie Kasayulie. “As a Native American federal contractor we are concerned about both sequestration and unfounded attacks on the SBA 8(a) program. When combined, these actions negatively affect veteran hire, revenues and benefits to our Shareholders and Descendants.”
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The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more than 12,500 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $3.2 million in scholarships and since inception more than $22.9 million in dividends and Elders Benefit Program distributions to its Shareholders and Descendants.
Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services. Calista can be found on Facebook (www.facebook.com/CalistaCorp and www.facebook.com/CalistaCorporation) and Twitter (http://twitter.com/CalistaCorp).
