Shareholder Distributions

Shareholder distributions typically occur in the spring and the fall, subject to approval by Calista’s Board of Directors.

+ Spring: formula based on Shareholders’ Equity as reflected in Calista’s financial statements. These are generally distributed in April or May.

+ Akilista (Fall): formula based on the Akilista investment portfolio, which saw its first distribution in 2014. This is an investment fund created to provide a perpetual source of distributions not dependent on business operations. These are generally distributed in November.

+ Elders’ Benefit Program: distributions are for original Shareholders, 65 years of age or older, who are alive on the date of record. These distributions are generally sent out in December. Shareholders voted to approve this program through an advisory resolution vote during the 2007 Annual Meeting of Shareholders in Chevak, Alaska.

+ Direct deposit: The same day as the distribution, but verify with your individual bank.

+ Mail: 3 weeks or longer, especially in rural Alaska, from the day of distribution.

Get direct deposit and don’t worry about lost, late, or stolen mail!

No. At the 2018 Annual Meeting, Shareholders voted to approve the creation of a Calista Corporation Settlement Trust. This Trust allows future distributions to be non-taxable.

Note: 7(i) revenue sharing distributions are taxable. Only Class B (At-Large) shares receive 7(i) distributions. In the unlikely event that a future Spring or Akilista distribution may be taxable to the Shareholders, you will be notified at the time of the distribution.

It’s easy to do!

MyCalista.com is a free online portal for you to access your Shareholder account. It is an easy way to update direct deposit, mailing address, phone number and email address.

Our Shareholder Forms Center has downloadable forms to update your info, including name, mailing address, direct deposit info with us by mail or secure fax.

We use your address to mail the Calista Storyknife newsletter, annual meeting materials, and other important announcements. In addition, as the corporation continues to progress financially, the addresses will be used to mail distributions to those who have not signed up to receive direct deposit.