Over 35,000 Shareholders to receive largest-ever distribution.
Calista (cha-LIS-tah) Corporation is pleased to announce its largest-ever Shareholder distribution of $9.8 million will occur on or before April 13. This distribution is 17 percent larger than last year’s spring distribution of $8.1 million.
The average Shareholder owns 100 shares and will receive an estimated $259. Subject to approval by Calista’s Board of Directors, Shareholder distributions are typically made in the spring and the fall. This is the 39th distribution in Calista’s history, and total distributions to Shareholders now exceed $108.3 million.
Approximately 35,100 Shareholders will receive this distribution, including more than 1,600 new Shareholders who enrolled in the past year. Calista is the largest regional Alaska Native Corporation by number of Shareholders.
“$5.8 million will go into the Calista Region because a majority of our Shareholders live in southwest Alaska,” said Robert Beans, Calista Board Chair. “This is Calista’s largest distribution, and it exceeds the total distributions for all of 2018. These results exemplify Calista’s business successes and continued growth.”
Checks will be mailed on or before April 13 for those without direct deposit. Shareholders in the Yukon Kuskokwim Region should allow up to three weeks for mailed checks to arrive, weather permitting.
