Calista (cha-LIS-tuh) Corporation is pleased to announce that all 2020 Calista Corp. Settlement Trust distributions are non-taxable income. The 2020 Spring, Akilista and Elder distributions were paid from the Settlement Trust. These distributions are not taxable, and Calista Shareholders will not receive a 1099 IRS form for them.
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Shareholders voted at the 2018 Annual Meeting to approve the creation of the Settlement Trust. In 2020, distributions from the Settlement Trust totaled $11 million, an increase of $1 million from 2019.