by Calista Staff
Calista (cha-LIS-tuh) Corporation’s Board of Directors approved the 2019 Akilista (aw-KE-lis-ta) distribution. This year marks the largest Akilista distribution in Calista’s history.
·2019 Akilista distribution total: $2.97 million, 15 percent increase from 2018
·1,600 new Shareholders
·Over 31,000 Shareholders total
·$1.8 million economic impact in YK Delta
·Direct deposit forms due by October 31
Calista also recently issued shares to over 1,600 eligible enrollment applicants. These new Shareholders will be eligible for the Akilista distribution. This expansion brings Calista’s total to over 31,400 Shareholders, compared to about 13,500 two years ago.
Distributions are by share. The average Shareholder owns about 100 shares. This year saw an increase of about 1 cent per share over last year—even after adding thousands of new Shareholders.
The total number of shares increased from about 2.7 million last year to over 3.3 million. As a result, this fall distribution will be approximately $0.88 per share. The final value for the Akilista distribution will be determined after October 25, the official date of record. All Shareholders recorded and identified as of this date will receive this distribution.
Direct deposits and check mailing are scheduled by the close of business November 20, 2019. Direct deposit forms must be completed and on file by October 31. The forms are available on the Common Forms page of Calista’s website, www.CalistaCorp.com/Shareholders/Common-Forms.
The Akilista distribution is based on the average market value of the Akilista investment portfolio for the prior three years. The first Akilista distribution occurred in 2014.
“Calista distributions relieve costly food and energy bills,” says Calista Board Chair Robert Beans. “The distribution’s economic impact for the Yukon-Kuskokwim Delta is about $1.8 million, since about 65 percent of our Shareholders live in the Region.”