Immediate release

December 12, 2012

 

Immediate release

December 12, 2012

 

Calista Corporation Brings Benefits to Shareholders

More Than $17.3M in Shareholder Dividends and Distributions since 2007

 

(Anchorage, Alaska) – This year, Calista Corporation Shareholder and Descendants dividends and Elder distributions total more than $4.5 million. The total was boosted today after the Board of Directors approved a special payment through the Elders’ Benefit Program for the fifth consecutive year.

 

For 2012 more than $550,000 has been allotted to Shareholders 65 years of age or older, to provide a benefit of $315 per Elder.

 

The Elders’ Benefits Program was originally voted and approved by Shareholders during the 2007 annual meeting. This distribution is designed to provide assistance to Elders during the winter months (when the high cost of heating fuel in some places is more than $8.00 per gallon). In 2011 $504,000 was provided to Elders, or $300 per Elder.

 

In April 2012 more than $3.99 million was distributed to Shareholders, the fifth consecutive year of dividends. Compared to 2007, dividends have doubled.

 

 

Shareholder Dividends

Elders’ Benefit Program

Total since 2007

$15 million

$2.4 million

Total in last two years

$7.65 million

$1.05 million

 

“For the past four decades Calista and other Alaska Native Corporations have strived to help improve the socio-economic conditions of our respective regions,” said Calista Corporation President Andrew Guy. “Through ANCSA we have successfully divided our attention between business operations and supporting our regions.”

 

Guy continued, “Calista has a string of incredible 2012 operational accomplishments to celebrate, thanks to the dedication of our employees and subsidiaries. We are on track to achieve record revenues and increased income, thanks to the combination of cost-cutting measures and securing contracts. Although we have expanded our revenue base beyond federal contracting, the Small Business Administration’s 8(a) program continues to allow and enable Calista to provide benefits to our Shareholders.”

 

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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 12,000 Shareholders. The Calista region encompasses over 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $3 million in scholarships and $17.3 million in dividends and distributions since 2007 to its Shareholders and Descendants.

 

Calista Corporation is the parent company of 15 subsidiaries, providing services ranging from telecommunications and marketing to construction and facility management. Calista can be found on Facebook (www.facebook.com/calistacorp) and Twitter (http://twitter.com/calistacorp).