by Calista Staff
Over 38,000 Shareholders to receive Fall Payment.
The Calista (cha-LIS-tah) Corporation Board of Directors has approved a record $4.31 million Akilista (Ah-KEE-lis-tah) distribution to Shareholders. Over 38,000 Shareholders qualify to receive this distribution from the Settlement Trust.
·The 2024 Akilista distribution is one of two annual distributions routinely authorized by the board to all Shareholders, regardless of age
·This year’s Akilista total distribution is 4 percent higher than last year’s, and 2.6 times higher than the first one in 2014
·Calista enrolled 1,200 more Calista Descendants over the past year
·About $2.8 million will go to Yukon-Kuskokwim Region households (6 in 10 Shareholders live in Y-K)
·Distribution via direct deposit and printed checks will occur on or before November 15, 2024
·Direct deposit and address updates must be received by 12pm on October 30. Updates can be completed at MyCalista.com, the free Shareholder portal
Distributions are per share. The 2024 Akilista distribution is approximately $1.045 per issued share. The average Shareholder owns 100 shares and will receive an estimated $104.
Akilista is the second of Calista’s distributions this year. In April, Shareholders received $12.1 million—approximately $302 per Shareholder—through Calista’s Spring Distribution.
“As our company grows so do the benefits we can provide,” says Willie Kasayulie, Calista Corp. Board Chair. “Shareholder distributions are one way we provide meaningful benefits. The Spring and Akilista distribution totals are about $1.3 million more than last year.”
The Akilista distribution is based on the monthly market value of the Akilista investment portfolio for the prior three years. Akilista distributions are from the Calista Settlement Trust, which is not taxable. Calista Shareholders will not receive a 1099 IRS form.
